Mortgage Rates May Go Soft

Friday, January 4th, 2019 azrealtycom

December’s private payroll saw its biggest monthly increase in nearly 2 years, suggesting sustained strength in the labor market despite ongoing financial market volatility.

Weak performance and volatility in stocks have driven investors to the safety of bonds. As yields fall, mortgage rates are likely to drop along with them.

A dip in consumer confidence shows households may be worried about the economy. If the economy slows, mortgage rates could benefit further.

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