Monthly Archives: June 2020

So what’s the latest on mortgage rates? Crescent Mortgage

So what’s the latest on mortgage rates?  Rates are based on mortgage-backed bonds.  These bonds typically move in similar fashion to US Treasuries.  When the economic outlook improves, stocks tend to improve while bonds suffer.  “Suffering” in the bond market means lower bond prices and higher yields.  “Yield” is just another word for “rates.”  Long... Read More