Mortgage rates ended their recent winning streak yesterday, but they have yet to try to get a losing streak started! In other words, rates bottomed out after a week and a half of improvement on Wednesday and they haven’t really budged since then. This leaves them at the lowest levels of November–certainly well under 4% for top tier scenarios–but certainly higher than 2019’s lowest levels seen in early September.
Underlying market movement is conveying plenty of uncertainty right now. While that certainly has something to do with the patterns typically seen heading into the Thanksgiving holiday, it has even more to do with the fact that there are legitimate reasons for investors to be uncertain. Chief among these are the wide spectrums of outcomes for the US/China trade deal (and timeline) and the general tone of economic data going forward.
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Source: mortgagenewsdaily.comNew feed