Mortgage Rates Mostly Flat Despite Market Weakness

Mortgage Rates Mostly Flat Despite Market Weakness

Mortgage rates were arguably flat today for the average lender although a few were slightly higher or lower depending on their offerings from yesterday.  Markets, however, argued a slightly different case.

When we talk about “the market” with respect to mortgage rates, it’s not quite the same as almost every other mention of “the market.”  In rates’ case, it’s the BOND market that matters.  Indeed, bond prices and yields (another word for “rates”) have a bigger impact on mortgage rates than any other variable.

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Angela Agana
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When you work with me, you will find that attention to detail is one of my biggest strengths. I strongly believe in the "Golden Rule" of treating others as I would like to be treated. I first fell in love with Northern Virginia when my spouse was stationed here with the Air Force over a decade ago. During that time, I have raised three children, contributed to the local community, and became passionate in helping others with their major life changing events - buying and selling their home.
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