Mortgage rates continued a strong move lower today, benefiting from a global sell-off in risk-related assets. What's a risk-related asset? In this case, it's a catch-all term for investments that carry greater risk and greater reward, such as stocks and emerging market currencies. When risk-assets get trounced, bond markets are often one of the safe-haven beneficiaries, and stronger bond markets mean lower mortgage rates.
Are you shopping around for a mortgage and have questions? Call The Storck Team today, we can help!