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Mortgage Rates Unchanged Again as Markets Remain Cautious

Mortgage rates were unchanged yet again today.  Given that rates are based on trading levels in underlying bond markets, it’s no surprise to learn that bond investors have been hesitant to take things too far in either direction after pulling up slightly from the long-term lows achieved in early January.  The same could be said for the stock market, but replace early January with late December.
For either side of the market, the biggest lingering uncertainty is the fate of the government shutdown.  The extent to which a shutdown resolution would move markets remains to be seen.  But at the very least, there’s a risk that a resolution would push stocks and interest rates higher in unison–at least temporarily. …(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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