Mortgage Rates Hold Steady

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Posted To: Mortgage Rate Watch

Mortgage rates had a great week last week and haven’t done anything to jeopardize that so far this week. Today was the first time during these 2 weeks where rates have merely held steady as opposed to move lower. The recent winning streak requires a caveat , however. It was largely made possible by the losing streak that preceded it. But if we’re going to play that game, we could just as easily say that the losing streak was largely a reaction to the even bigger winning streak that’s characterized most of 2019. The takeaway from the back and forth above is that rate momentum can often adhere to considerations that are almost like the laws of physics (you know… equal and opposite reactions?). Generally speaking, the longer and stronger any given move has been, the more likely it becomes that…(read more)

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