Understanding the UPs and DOWNs of mortgage rates and when to act…

“Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve. In contrast, strong economic news normally has the opposite result. When you see these Bond prices moving higher, it means home loan rates are improving. When Bond prices are moving lower, home loan rates are getting worse.

Mortgage Bond prices slipped recently as the US Stock Markets hits record highs. Home loan rates edged higher but still remain near historic lows.” provided by Mortgage Informer news update October 2017