Mortgage Rates Drop Well Into the High 3's

Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico.  In general, trade wars are economically negative.  They hurt stocks and help bonds.  When bonds are improving, it means bond prices are rising and yields (another word for “rates”) are falling.  Long-story short, investors are pricing-in a new reality where trade tensions do measurable damage to the global economy.  This not only forces money out of stocks and into bonds, but it also implies lower inflation and increased odds of Fed rate cuts….(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