The bond market begins yet another week with rates in a holding pattern at historic lows. With coronavirus being the primary motivation for rates, it wouldn’t be a surprise to see indecision continue until we get a clearer idea of how things will shake out with respect to the pandemic vs the global economy. In fact, apart from the all-time low mortgage rates, things have been downright boring when it comes to the underlying bond market driving those rates.
- Matthew Graham
- Mortgage News Daily