Mortgage Rates Face More Volatility Despite Slight Recovery Today

Mortgage Rates fell modestly today, but only enough to bring upfront costs slightly lower for the same rates quoted yesterday. Still, it’s a most welcome development given the abrupt spike over the past few days (relative to the recently abnormal level of calm). That said, we can’t assume that it marks a change in the broader trend. For now, rates remain at risk of further weakness until and unless we see clear evidence to the contrary. Tomorrow and Friday, we’ll get the week’s only significant economic reports in the US, and the Bank of England will release one of its periodic policy announcements. Central bank policy is everything when it comes to interest rates at the moment. Domestic rat…
Mortgage Rates Newsletter – Market Analysis

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