Posted To: Mortgage Rate Watch

Mortgage rates didn’t do much today, and that’s the sort of thing that could get to be all too familiar as we head into the end of the year. With the Fed announcement and trade deal drama last week, the bond market (which underlies interest rate movement) made it through the last of 2019’s big ticket events. Beyond that, the 2nd half of December always tends to calm down in terms of market participation due to the holiday season. All of the above usually means that rates don’t move much, or at the very least, not much outside their recent range. There can be exceptions to that rule on certain years, but we’ll cross that bridge if we come to it. Either way, the bigger risks for more meaningful changes in rates won’t show up until the 2nd week of January. Loan Originator Perspectives Bonds hovered…(read more)

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Source: Mortgage News Daily