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Mortgage Rate Volatility Risks Increase Tomorrow

Mortgage rates were higher again today with multiple lenders making additional upward adjustments in the middle of the day in response to bond market volatility.  The prices/yields of certain bonds are the primary building blocks for lenders as they determine where to set mortgage rates every day. 
Bonds respond to a variety of inputs, with the broad notion of “the economy” being one of the perennial favorites.  Traders track changes in the economic outlook via various reports that are released at regular intervals.  Of those reports, not one is remotely on the same stage as the Employment Situation (or simply “the jobs report”).  It’s due out tomorrow at 8:30am ET….(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed

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