Articles

Just When You Thought We Were Done Talking About All-Time Lows

Posted To: Mortgage Rate Watch

Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last week. Specifically, a series of strong economic reports led to significant losses in the bond market (bond losses = higher rates) and gains in stocks. The unspoken warning was that rates had been too complacent in the face of a potential economic rebound. Now this week, markets are singing a different tune . Recently strong economic data was great to see, but with coronavirus numbers spiking in several states, the sustainability of the economic improvement is in question. Sentiment shifted on both sides of the market with stocks giving signals that their recent gains may have been a bit too euphoric . The result was the biggest sell-off since…(read more)

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


Leave a Reply