Mortgage Rates Keep Edging Higher as Stocks Recover

Mortgage rates were higher by a fairly small margin once again today.  Interest rates in general (which are determined by the bond market) have been taking most of their cues from recent stock market volatility.  That’s not always the way it works, but it’s the way things have been in the wake of the big stock losses seen on several occasions in recent weeks.  Now, as stocks begin to stabilize and move higher, rates have felt some pressure to do the same.
Unfortunately, in relative terms, the recent drop in rates hasn’t even come close to matching the move in stocks.  …(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