Market Update: Dec 10th 2021

Published 1 month ago

The mortgage market is still fully governed by the "push-pull" between the opposing forces of 1. increased COVID concerns around new variants (possibly dampening future economic performance) - covid uncertainty is generally GOOD for present and future mortgage rates (they will go DOWN as a result) and 2. increased evidence of inflation (which is the main enemy of all bonds!) - increased inflation makes rates get WORSE - they go HIGHER.