With no economic reports this week, the bond market is focused on geopolitical issues. Trade talks with China take the main stage. Until the trade/tariff negotiations are more settled, rates have some support to stay at current levels just due to the uncertainty the markets have on...
It’s much ado about nothing as we have a lot of news but none of it making a significant impact on mortgage rates. Last week headline CPI, our key inflation measure ticked up again, but Turkey’s currency devaluation dwarfed all other economic news for the week. ...
Mortgage rates remain unchanged over the past few weeks as investors try and gauge the impact and direction of the trade war. As long as the outcome of the trade wars remains uncertain we don’t expect much movement in rates. Since my last update a few weeks ago, we have...
Mortgage rates gave up some of the improvements we saw last week. The geo-political situation has mellowed out just enough to shift the focus back on the economy. Italy has installed a new government; their debt situation is not resolved but things have calmed down for now....