Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Good Morning,

Yesterday’s affect on mortgage interest rates from the dramatic Producer Price Index (PPI) was lighter than expected thanks to the price drops commodities like oils and gas. This does not mean that inflation is gone by any stretch of the imagination, but it does prevent a massive panic to sell off bonds. The 10-year bond yield did end higher yesterday and we will probably see rates slightly decrease this morning, so if you’re rate is still floating you can exhale a little bit…for now.

With no big news coming out today, the bond market is vulnerable to how the stock market performs. Sometimes, no news causes tremendous volatility. Visit us throughout the day for any new mortgage rate updates.