Mortgage Rates Hold Steady Despite Market Volatility

Mortgage rates held steady today , leaving them just off the lowest levels in nearly three years. Market conditions were somewhat volatile surrounding a weekend meeting in Doha regarding potential changes in oil output. Oil prices fell precipitously to begin the week as producers failed to reach an agreement. What does that have to do with mortgage rates? Oil prices have had varying amounts of impact on broader markets for more than a year now. While it’s far from a direct relationship, oil prices and interest rates have tended to move in the same direction at the same time. Today was no exception, generally speaking. After oil’s initial losses overnight, rates looked set to begin the day wi…
Mortgage Rates Newsletter – Market Analysis

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