Mortgage Rates Hold Steady at Lowest Levels in March

Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets.  When bonds weaken, rates tend to move higher.  That said, this morning’s weakness was quite modest.  The helpful headlines (regarding Robert Mueller’s subpoena of members of the Trump Organization) had a similarly modest effect, thus leaving bonds and rates in relatively unchanged territory.  That’s perfectly acceptable in this case because it means rates are holding in line with their lowest levels since March 1st.
The risk is that March 1st served as a floor for rates after they began falling from mid-February highs. …(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