Will a broader war in the Middle East push home loan rates greater or lower?
Home mortgage rates headed greater recently after the CPI inflation report, and now, with news of a larger war in the Middle East, should we anticipate even greater rates? Some argue that cash will enter into the security of the bond market, while others state a larger war can result in greater inflation and greater rates. The week ahead will address a few of those concerns early on.
10-year yield and home mortgage rates
There is absolutely nothing excellent to report on home loan rates from recently. The chart listed below programs that we broke the important technical level on the 10-year yield (significant with a red line). The CPI information, which the Federal Reserve does not track for its 2% target, was available in 0.1% hotter than price quotes, however that sufficed to take one...