Mmastodon BusinessPersonal Finance first seen 1 d ago, last 20 h ago, peak #5
Bond Volatility Keeps Mortgage Rates High Despite Weak Economic Data
Original: Move Index Volitivity. How to counter Higher Mortgage Rates. A big part of the bond market volatility, even with underly
Mortgage rates remain elevated even as new economic data points to a slowing economy. Bonds initially rallied on a cooler PCE inflation report and a weak jobs report, but those gains have since evaporated, with bond market volatility—rather than economic fundamentals—driving mortgage rates higher. Commentators are discussing strategies homeowners and buyers can use to counter rising mortgage costs amid the uncertainty.
Why now: Bond market volatility is pushing mortgage rates up despite signs of economic weakness, raising costs for homebuyers.
mortgage marketbond marketPCE inflation reportjobs report
Rank over time, top of the chart is #1. 3 snapshots from 23 h ago to 20 h ago.
Evidence
- Move Index Volitivity. How to counter Higher Mortgage Rates. A big part of the bond market volatility, even with underlying weakness in the economic data: bonds initially rallied following the cooler PCE report and much weaker jobs report, but those gains have evaporated. It’s… · mortgagenews.blog@mortgagenews.blog · 1
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