Posted To: Mortgage Rate Watch
Mortgage rates can’t catch a break . They’re not much higher than yesterday, but yesterday was already the worst of 2015 . Actually, it’s the broader bond market that can’t catch a break. European and US sovereign debt rates are moving higher at an alarming pace. Mortgage rates are holding firmer by comparison, but being dragged higher just the same. Little has changed since yesterday about the bigger picture problems facing rates. If you’re looking for a general recap of those problems, it would be worthwhile to revisit yesterday’s coverage . On a specific note, we had several events today that should–by all rights–have helped rates recover a bit. At almost any other time in history, the types of events seen today would indeed have resulted in rates moving lower. These included significantly…(read more)
Via:: Mortgage Rates Set Another 2015 High
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