Mortgage Rate Volatility Remains a Risk


Posted To: Mortgage Rate Watch

Mortgage rates were effectively unchanged today, despite political developments in Italy providing plenty of justification to move higher. Specifically, Italian lawmakers found a way to move forward with staffing a new coalition government despite an apparent impasse earlier this week. That impasse was an underlying factor for the big drop in rates this week. It could be that the news out of Italy was offset by other developments (tariff announcement and news of Deutsche Bank’s “troubled” status with the Fed), or it may have simply been too late in the day for European markets to react. We’ll know more about that tomorrow. In addition to sorting out the true impact European politics (read more about why such a thing matters currently in yesterday’s article ), tomorrow also bring the task of…(read more)

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