Mortgage rates have primarily been at the whim of the general tone of coronavirus news for the past few weeks. That meant a swift move to multi-year lows followed by an uneven correction back toward higher levels. But the correction has been anything but threatening, and it stands in stark contrast to a much sharper correction seen in the stock market (i.e. stocks quickly got over coronavirus fears and returned to all-time highs).
Why are rates able to hang tough at levels that are still quite close to long-term lows while other parts of the market seem to have moved on?
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Source: mortgagenewsdaily.comNew feed