Mortgage Rates: History Repeats Itself. Again and Again

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Posted To: Mortgage Rate Watch

I have a prediction... I know what the market is going to do tomorrow. Yes! Even before it happens!! I just KNOW (note sarcasm please) that by tomorrow afternoon we'll be able to define the movements of mortgage rates with this phrase " more of the same ." This is quite fitting seeing as how tomorrow is Groundhog Day . Beyond that, I figure the last 6-weeks of back and forth behavior in the primary mortgage market should serve as fair warning of what to expect until otherwise noted. Back and forth and back and forth, from one end of the borrowing cost range to the other. This is quite fitting seeing as how tomorrow is Groundhog Day . Beyond that, I figure the last 6-weeks of back and forth behavior in the primary mortgage market should serve as fair warning of what to expect until otherwise...(read more)

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Source: www.mortgagenewsdaily.com

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