February 19th, 2014
| Posted in News
by Tim Manni
Looking over the two latest mortgage-rate reports from HSH.com, it seems as though the decline we’ve been enjoying for much of 2014 has come to an end—at least temporarily.
“Well, it was a nice run while it lasted, but of late the selloff in stocks and the corresponding decline in yields and mortgage rates has switched places, with equities again appealing to investors at the expense of bonds,” wrote Keith Gumbinger, vice president of HSH.com, in the latest Market Trends newsletter. “Although the latest economic data wasn’t great, soothing words from Fed Chair Janet Yellen [last] week about the expected path of the economy and Federal Reserve’s intentions for policy seemed to spread a bit of cheer. While this was much to the liking of stock markets, the mix of mostly softer news kept interest rates from rising by much.”
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