Interestingly enough, when Syria seemed to have been a source of market movement yesterday, we characterized it as the easiest mainstream explanation, with the whole story being less simple. It's those "less simple" factors that came into play today. In an effort to be sure they received their adequate treatment yesterday, today's move higher was basically accounted for in advance.
Wednesday, August 28, 2013
Market Wrap August 28 2013
Mortgage rates
bounced higher today, moving back in line with Monday's levels.
Conventional 30yr Fixed quotes for the most ideal scenarios are back to 4.625% on average though some lenders are an eighth higher or
lower. Frustratingly, this is one of those days where there is no overt
"cause and effect" for the movement whereas yesterday's could more
readily be chalked up to geopolitical risks surrounding Syria.
Interestingly enough, when Syria seemed to have been a source of market movement yesterday, we characterized it as the easiest mainstream explanation, with the whole story being less simple. It's those "less simple" factors that came into play today. In an effort to be sure they received their adequate treatment yesterday, today's move higher was basically accounted for in advance.
Interestingly enough, when Syria seemed to have been a source of market movement yesterday, we characterized it as the easiest mainstream explanation, with the whole story being less simple. It's those "less simple" factors that came into play today. In an effort to be sure they received their adequate treatment yesterday, today's move higher was basically accounted for in advance.
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