Mortgage Rates Slightly Lower, but Volatility Looms

Mortgage rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month. At first, that positive movement was driven by relief that the Fed’s rate hike outlook didn’t accelerate as much as investors expected. That motivation ran its course by the end of last week. Since then, political uncertainty has been a hot button, with widespread doubt surrounding the new administration’s ability to pass the new health care bill. There have been several other contributing factors driving political uncertainty, but Thursday night’s health care vote is a focal point. Most media reports suggest passage is unlikely, but that a modified version of the bill …
Mortgage Rates Newsletter – Market Analysis

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