Posted To: Mortgage Rate Watch

Mortgage rates jumped substantially higher today as global markets reacted to yesterday’s Fed announcement. But that’s really just scratching the surface. The Fed is a convenient talking point because simply due to timing and the absence of another obvious, singular source of inspiration. It’s entirely possible that the confluence of other factors would be producing a similar result regardless of the Fed. In fact, the bond market is talking about 8-9 separate potential market movers today. Most of them are fairly esoteric. The Fed’s decision to telegraph a tapering announcement in November is one of the simplest topics, but simpler still is the week-over-week drop in covid case counts in the US. Late September was always going to be important in that regard for several reasons. It’s late enough…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: September 23, 2021 / Categories: Mortgage News /