Mortgage Rates Rebounding Aggessively
Mortgage Rates Rebounding Aggressively
Rates Rebounding Aggressively After Hitting Lowest Levels Since April All of the above is a product of the same environment where the underlying mortgage bond market is making it much easier for rates to make big moves. Unique market environment considerations aside, today's bond market movement was still fairly abrupt. Bonds are the key driver of mortgage rates. Demand dropped quickly today after several comments from Fed speakers suggested the Fed is far from declaring any sort of turning point in the battle against inflation. Above all else, bonds/rates improved so much over the past few weeks (and especially over the past 3 days) that risks were increasing for a bounce.