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Mortgage Rates Hard-Hit by Trade Headlines

Mortgage rates jumped quickly higher today following a series of headlines/tweets regarding the probability of a US/China trade deal ahead of Sunday’s tariff deadline.  What does all that mean?  Let’s break it down.
The status of the US/China trade relationship is a big deal for financial markets, including the bond market that dictates interest rates like those for mortgages.  The more robust and more certain a trade deal seems, the worse it is for rates in general.  
This Sunday is a deadline for the implementation of a new round of tariffs.  As such, risks are/were high that we would see some sort of announcement to cancel or lessen the tariff burden.  As of this morning (and again this afternoon), it looks like that is…

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Source: mortgagenewsdaily.comNew feed

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