Sunday, December 10, 2023 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Reluctantly Benefit From Overseas Drama

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates continued relentlessly lower today, but they did so under protest. In fact, the amount of improvement on some lenders’ rate sheets relative to the amount of improvement seen in Mortgage-Backed-Securities (MBS, which dictate mortgage rate levels more than anything else) is downright apalling. Moving one more degree of separation toward the epicenter of today’s market drama and we also see that MBS themselves severely lagged more central sectors of the bond market like US Treasuries. First of all, these symptoms are normal for today’s type of illness. It’s just that days like today aren’t very common . Reason being, there was a truly unexpected bombshell out overnight regarding the Swiss Central Bank. The trading relationship between Swiss Francs and Euros was the epicenter of…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Mortgage Rates Reluctantly Benefit From Overseas Drama


Mark Buhler

The Surfing Appraiser

Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of

Read More »
Timothy Andersen, MAI, MSc., CDEI, MNAA

“Naked, Unarmed, and Alone?”

Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my

Read More »