Mortgage rates were slightly lower today, despite moderate weakness in underlying bond markets. This would typically coincide with higher rates, but mortgage lenders haven't been moving in lock-step with markets amid this week's higher volatility. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced on Wednesday on news of a bipartisan agreement to provide disaster relief and to temporarily raise the debt ceiling. The latter had been causing general economic concern--something that tends to benefit rates. Thursday brought the European Central Bank announcement which was beneficial for global bond markets because the ECB isn't in a rush to pull the plug on its accommodative efforts (translation
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/8/2979
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