Mortgage Rates Very Close to Multi-Month Lows
It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they're driven by changes in the bond market). To be fair, it was far from an exciting day, but the average mortgage lender was nonetheless able to inch closer
Rates Move Back Toward Lows After Fed Announcement
Post-Fed Rally is "Nice" But Not Quite Exciting In a small vacuum, today's Fed announcement had a noticeably positive impact on bonds despite yielding "just another day" vibes in the bigger picture. Traders reacted to some combination of a reasonably steady dot
Mortgage Rates Started Higher, But Ended Lower
Low Volatility Session Ahead of Fed Day 4 out of the year's 8 Fed announcements include an updated dot plot (i.e. a chart of each Fed member's projection for the Fed Funds Rate at the end of the next few years). Dots have come to be viewed as one of the biggest
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