Friday, July 10, 2020 / by Erik Bjorklund
The fates of the economy, the housing market, and interest rates remain closely intertwined with coronavirus. The pandemic is clearly responsible for the record-setting drop in economic activity (including the housing market).
If the market finds a reason for stocks and bond yields to move higher, mortgage rates are increasingly likely to follow.
So will the market find that reason? Again, we already know THAT it will. We just don't know WHEN it will. That answer depends entirely on coronavirus. The point is to be ready to react when that happens....(read more) Fidelity Home Group | Mortgage News | Mortgage Rates