Mortgage Rates on Year's Longest Winning Streak

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Posted To: Mortgage Rate Watch

Mortgage rates moved moderately lower yet again. This extends a winning streak that began on July 14th, making it the longest positive trend in 2015. If this seems paradoxical in light of everything you may have heard about the Fed hiking rates this year, that's normal. Market participants and pundits have a long history of getting too attached to a certain idea only to be punished by markets for the imbalance. In other words, the notion that rates would continue rising was too prevalent . But that's only part of the motivation for rates to be doing so well recently. At the heart of the matter are concerns that the global economic growth outlook may be dimming. That's a scary thought considering Europe is in the midst of ongoing quantitative easing and that China has taken somewhat desperate...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/502546.aspx

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