Wednesday, October 17, 2012
What's Pushing Mortgage Rates UP This Week?
The
technical picture has changed to bearish, however with the recent volatility it
is still too soon to believe that rates have finally bottomed and will continue
to increase. This morning it isn’t the stock indexes that are driving rates
higher, at 8:45 the DJIA up just 4 points. The push to higher rates is being
driven by much better economic reports (retail sales, improvement in the
housing market outlook) and relaxation over debt problems in the EU.
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