Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure. Let’s talk about what that means in plain English! Capitulation in financial markets refers to investors on one side of a trade gradually becoming overwhelmed by the momentum on the other side.
Since Wednesday, several developments began adding momentum to the “higher rates” side of the bond market trading environment. Individually, none of these factors necessarily spelled doom, but their combined effect has been more noticeable. …(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 Highest in More Than a Month
Published in bond markets, interest rates and mortgage rates
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