Posted To: Mortgage Rate Watch
Mortgage rates did something they haven't done all year today. They actually improved in the face of a stock rally. In fact, it was the third best day for stocks so far in 2016. The other 2 days resulted in noticeable moves higher for mortgage rates. The opposite was true today though there are a few caveats. The correlation between stocks and interest rates actually remained very much intact. Both were lower overnight, and rates simply moved higher much more slowly than stocks. The net effect was a bond market than held fairly flat versus moderate gains in stocks. Mortgage-backed-securities (which most directly affect mortgage rates) performed slightly better than Treasuries, allowing most lenders to offer improved rate sheets. The range of conventional 30yr fixed rate quotes on top tier scenarios...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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Mortgage agents play a very crucial role when it comes to handling real estate business transactions. They come in handy when it comes to helping buyers to choose suitable financing options based on immediate economic signals and home market trends.
ReplyDeleteThere are many individuals, as well as corporate customers who depend on the expertise of these individuals.
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