Mortgage Rates at 1-Month Lows Ahead of Jobs Report

Mortgage rates inched slightly lower today, adding to an already impressive string of improvements in the new year. Rates typically take most of their cues from economic data, but that hasn’t been the case this week–at least not in the traditional sense. Instead of US economic data being the center of attention, it’s instead been the volatility in global stock markets–especially China’s. Successive days of heavy losses have pulled down stock prices worldwide, and sent investors fleeing for safer havens. One of the quintessential safe-haven investments is the bond market . This includes things like US Treasuries as well as the mortgage-backed securities that dictate mortgage rates. In a nut…
Mortgage Rates Newsletter – Market Analysis

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