Mortgage rates are likely to trade in a tight channel through today. After the midterms, we could see an increase in rate volatility as the markets digest what the new House and Senate could mean for markets.
Mortgage rates are likely to move sideways in the new tight trend for the week. The uncertainty in the market is focused on trade, Brexit and Italy. Of course, anything unexpected domestically or geopolitically could spike mortgage rate volatility.
While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability...
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We could see some rate volatility this week. The biggest factor is likely to come from the inflation numbers on Friday. Of course, the Fed meeting also has the ability to move markets and cause volatility