Mortgage Rates Not Impressed by Market Volatility

Home / Blog / Mortgage Rates Not Impressed by Market Volatility

Posted To: Mortgage Rate Watch

Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as "money moves in" to one side of the market, it will move out of the other. Conventional wisdom is super duper wrong! If conventional wisdom held true today, we would have seen a very big move lower in rates. The massive sell-off in stocks means there was a huge amount of cash looking for a new home. While it's true that some of this cash did find its way into the bond market, the amount doesn't even begin to compare. By the end of the day, the bonds most closely tied to mortgage rates had barely reentered positive territory. Due to the timing of the afternoon market volatility, many mortgage lenders were still showing...(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...

458323e7 de14 458c b2b8 ad4be855dc43 c556c145 a108 4267 aa01 6ce69644db48 ab211d08 2026 4717 9d77 50b0b55866ea eb3e8e81 40e5 42ff b474 3028504248d5 1cd3e90c ce36 4b06 b216 5f28fe75b792 a6d68bc6 96b5 4c11 a7b6 dcfae6260efa 66891fb5 9127 493c 8fb1 e3a2c5d038a9 df3f5df8 744f 44e7 99c8 785de1073519 8c9a9463 24d4 4501 a840 104fcec9a26c 36ea4e54 4999 4817 b36b 039c31570d93 5e84b587 5a01 4747 9153 aca57be47d0e 6ca32633 bb82 4f06 8966 1a4c070210cc 6dd53413 ebe8 4517 9c0f 5df2fbc4db3b 18f7f54a 45dc 4a9f 877e 0be32680da88 a50ee1f1 123e 432a 8e36 a5a302ca0647 d83533ce 3c24 4307 8f72 a8760d736076 e8b6912d c980 4ed6 b561 07b82cb6467e 32c8424e 9636 4c38 a015 2250706774ba 5d41554c cc43 4bc8 8942 957e3912c9f2 4623e5d6 31da 4414 81e6 fa4a5120bf00 e1e13a3c c928 4fe4 b8d5 af3d812d7e23 de2ec616 d56c 43c0 95d1 2b814e8b7510 3f5bd91c b886 4e9f 8c8c a2499ffa3665