Mortgage Rates Slightly Higher After Yesterday’s Big Drop

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Posted To: Mortgage Rate Watch

Mortgage rates were somewhat higher today as politicians struck a more conciliatory tone in Italy. To be clear, we are indeed talking about mortgage rates in the United States in relation to European politics. It’s not the first time and it likely won’t be the last. The European Union is massive in terms of the size of its economy and its impacts on the global financial system. Threats to the stability of the EU cause shockwaves in financial markets. Those shockwaves have an impact on everything from stock prices to mortgage rates. The latest threat is Italy’s would-be government: a coalition between 2 parties that are both less than enthusiastic about Italy remaining in the EU. They drafted a lawmaking gameplan 2 weeks ago, and while it didn’t include any specific goals regarding the country…(read more)

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