New Employment Numbers has Negative Impact on Mortgage Rates
The recent good news for the job market had a less than desired effect on mortgage rates. Thanks to signs of an improvement in the economy the recent reports stating more people are back to work had an almost immediate impact on trading in the stock market. For years economists have pointed out the inverse relation between home mortgage rates and the general health of the economy. Usually, when investors are worried about risk, they will avoid the stock market and invest more money in to bonds and mortgage backed securities. This flow of cash makes the rates drive lower. However, when times are good and investors rush to the stock market, the opposite effect is felt.
But the Sky is Not Falling
However, this does not mean that any improvement in the stock market will automatically push mortgage rates up. And it......
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Original Post - Mortgage Rates Rise on new Employment Numbers
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