Mortgage Rates Abruptly Higher as Fed Anxiety Builds

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Posted To: Mortgage Rate Watch

Mortgage rates had been holding their breath and waiting calmly for Thursday's big announcement from the Fed. Today saw the breath-holding come to an end as the true anxiety set in. There are plenty of explanations for today's relatively sharper market movements online and on the TV, but let's not over-complicate things. Market sentiment is easily anthropomorphized, so think about how humans might behave and react as an event with tremendous stakes approached. Even if most people could contain their anxiety right up until the event itself, we've also witnessed a great many people who grow increasingly edgy on the approach. Some level of increasing anxiety is perfectly normal. It could be expressed in several different ways, but certainly we've all seen (or perhaps 'been') the person who "just...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/512069.aspx

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