Mortgage rates moved higher over the past 2 days, but managed to find their footing today. I’ll be the last person to claim interest rates and stock prices must follow one another, but at times, their relationship is the most convenient way to understand the market. Stocks had been rising last week while rates were holding at the lowest levels since September 2017. More than anything, this reflected optimism on both sides of the market surrounding potential Fed rate cuts in 2019.
Last Friday provided some important insight. …(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
Mortgage Rates Find Some Support as Stocks Cool Off
Published in bond markets, interest rates and mortgage rates
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