Rates today are pretty flat, after the runaway rallying that has been happening earlier in the month. It seemed that traders has a set plan of action coming into 2016, which was to push rates higher heading into the new landscape post Fed announcement in December. Things haven't gone as planned so far. Equities markets have had a difficult time getting off to a good start. Between Oil, China, and the flood of money coming in from the risk markets, things have been volatile to say the least. Looking ahead, all bets are off. In time, the true trend will reveal itself, but for now, all we can do is watch and wait. In terms of domestic data hitting the market today, we see the release of Import/Export Prices, Initial Jobless Claims, as well as the 30 Year Bond Auction. Check back tomorrow to see how the markets react to this data.
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