Mortgage rates have primarily been at the whim of the general tone of coronavirus news for the past few weeks.  That meant a swift move to multi-year lows followed by an uneven correction back toward higher levels.  But the correction has been anything but threatening, and it stands in stark contrast to a much sharper correction seen in the stock market (i.e. stocks quickly got over coronavirus fears and returned to all-time highs).

Why are rates able to hang tough at levels that are still quite close to long-term lows while other parts of the market seem to have moved on?

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.