Mortgage Rates Technically Lower, But Risk Rising Tomorrow

Mortgage Rates Technically Lower, But Risk Rising Tomorrow

Mortgage rates were officially lower today, despite some weakness in the bond market.  In general, bond market weakness coincides with rates moving higher.  This time around, the weakness was minimal, and mortgage lenders had a bit of catching up to do with respect to yesterday’s bond market gains.  The changes were very small for the average lender, but they technically result in yet another long-term low (best rates since January 2018).

Clouds began to roll in by the end of the day in response to a glut of news out of the UK.  As expected, British politicians voted to avoid exiting the EU without some sort of deal.  On a somewhat unexpected note, there seems to be a quickly growing consensus that a different brexit compromise deal has enough support to pass, or at least to come much closer than the just-defeated compromise deal.  This is giving markets hope for a less uncertain outcome.

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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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