Why Mortgage Rates Should Care About Bond Market Warning

After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week.  By the end, however, the market began to flash a warning about more volatility ahead.
The warning is fairly simple.  It has to do with a pattern that’s been repeating in the bond market (the key ingredient in determining rates).  The pattern is technically referred to as a “trend channel,” which is just a fancy way of saying that rates are steadily rising or falling in a relatively regular way.  In the current case, they’ve been rising since August.  …(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