Posted To: Mortgage Rate Watch

Sure, we could write a headline that attempts to distill the concept of a big picture struggle between the forces exerting upward pressure on rates and those stepping in to push back in the other direction. Or we could just introduce the “not so fast” line, and let a chart do the talking. Lines like these are over-generalizations to some extent, but as long as we understand that there are multiple factors in play each time rates bounce on the floor or ceiling, it doesn’t matter. All we’re really trying to do is visualize the gradual recovery from the pandemic and the setbacks that have pushed rates back in the other direction. Thinking about the more recent past, rates have been reluctant to move below the orange line due to things like higher inflation and tougher central bank policies . General…(read more)

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Source: Mortgage News Daily