|January 2018 (3)|
Under Pressure - Mortgage Rates Begin New Year
Hancock Mortgage Partners, LLC
Information credited to MortgageNewsDaily.com
Mortgage rates are theoretically supposed to go higher in 2018. Any upward pressure on economic growth or inflation (courtesy of the tax bill, perhaps?) is bad for rates, all things being equal. Economic growth increases market returns, forcing rates to move higher in order to keep up. Inflation erodes the value of bonds that underlie rates, meaning investors want higher rates of return if they're going to buy into the "fixed income" (aka "bond") market.
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