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Mortgage Rates Sideways to Slightly Higher

Mortgage rates began the day in decent shape after more trade war drama courtesy of a Reuters story overnight.  In general, trade war drama pushes stock prices and bond yields (aka “rates”) lower.  But as we discussed yesterday, mortgage rates hadn’t been able to benefit from that drama nearly as much as US Treasuries (the benchmark/yard-stick against which all other US interest rates are compared).  In fact, they were very close to unchanged even though Treasuries were making a case for a nice move lower.
It looked like that might change this morning as Treasury yields continued lower and the bonds underlying mortgages managed to improve modestly. …(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

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