Mortgage Rates Recover Modestly After Big Losing Streak

Mortgage rates have generally been moving higher since March 28th after they bottomed out at the lowest levels in well over a year.  At the time, investors were tuned-in to the Fed’s concerns about the global economy.  Granted, the US economy might not have been suggesting an imminent recession, but that was far more difficult to say about China and Europe.  Both economies were clearly decelerating by the end of 2018 and into the first few months of 2019.  That deceleration was the biggest risk factor for the global economy and the biggest boon for mortgage rates….(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