Mortgage Rates Improve Slightly

Home / Blog / Mortgage Rates Improve Slightly

Posted To: Mortgage Rate Watch

Mortgage rates fell modestly today, and thus managed to avoid heading any closer to the 7-year highs just overhead. Underlying bond markets benefited from concerns about Italy's stance on the Euro currency based on one Italian official's comments. Those were later characterized as "just one man's opinion," thus not having a big, lasting impact on rates. To understand what's going on here, first consider that interest rates are based on supply and demand in the bond market. The more that investors want to buy bonds, the lower rates go. When something threatens the stability of some major world economy (like the European Union could be somewhat threatened by Italy moving back to its own currency), investors tend to buy more bonds of safer haven countries. Ultimately, the European news wasn't...(read more)

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

Source: http://www.mortgagen...

2048d5f7 f282 4a47 b05f b9b832e1d4ba 02381827 5100 4467 817b f70611596e81 7b008e84 309f 4001 bbe9 d651d1661c76 c76966a9 e5e4 44a8 a520 7e4f8035c87c 7fe336d4 cadb 4ad1 aa7d 9f23df18c733 295428d5 9c6b 49a5 9ff7 68893ca25d63 40ab9007 1b3c 44f8 b623 aea3a4d204b1 e394ca65 c275 4b3b b115 7063a88d5547 5af2864c 0859 49c9 bfd3 71ae41f034b5 07dcd8ef f758 4ad6 9435 b4289034f49f 617a3fab 73f8 4290 85b6 e22a452cca39 fcc10fd7 1b8c 4bf5 88b8 a19727c31640 263a610e 3f7b 4540 b552 bcc1d6b9ecbd 9519a9cd 4f5d 4d52 a30e 3de2df902c83 ad553e30 aa66 455e a459 0b74f3b007b1 8929de65 2838 483d 868c 138e85634c83 1bf5e90e 295f 47d6 9891 1c8bfb672f3f 03b3bddc bc2f 4db3 bb29 14193e3f82ec 4d141882 548a 4c5a a676 847fc02f0dba cee4a86b 07c1 41bc b24e 4014a2b93011 9ab29663 135b 4a4d b5d4 a1e746f870a6 dc82b789 b2d2 4ac2 85a8 21c6129f0df9 0d495155 f94d 4ca1 ae3b b84490df867a