Market Update: Recent events could impact interest rates
Investors started moving their money into the American bond market over the weekend because of Friday’s terrorist attacks in Paris. Mortgage Backed Security pricing has improved slightly, but not enough to move interest rates.
It is still too early to determine the social, political and economic repercussions of this event, but these variables could cause the market to move quickly in one direction or the other. The futures market is still favoring a .25 percent rate increase for the Federal Funds Rate in December, but many things could happen between now and then.
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