Mortgage Rates Hold Perfectly Steady Despite Massive Underlying Volatility

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates didn’t budge today. That’s impressive considering the amount of volatility in financial markets leading up to and following the European Central Bank (ECB) announcement. Markets widely expected the ECB to announce a new quantitative easing package today. That’s indeed what happened, but when it comes to European monetary policy, things are never as cut and dry as they are for other central banks that aren’t trying to balance the needs and laws of 19 separate countries against the economic realities and legal constraints of the broader Eurozone. If this sounds complex, that’s because it is. And that makes for wide-ranging reactions in financial markets. Not only that, but financial markets have this well-known habit of trading in advance of actual events based on expectations…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Mortgage Rates Hold Perfectly Steady Despite Massive Underlying Volatility

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

Condos and Townhouses – You’re Comparing Apples to Oranges

Because I get the regular opportunity to chat with appraisers, I also have the regular …