Interest Rates: 5/4/2020
Posted by Errin Calkins on May 5, 2020
"Interest rates were flat last week as the Fed continued to buy mortgage bonds and counteract the negative economic news that would normally cause volatility in the bond market. This week will bring a slew of economic news and most of it will be negative, however, we do not expect the bond markets to be affected significantly. The stock markets may experience volatility with some of the reports, but movement in the stock markets hasn’t influenced activity in the bond market for the last several weeks. Enjoy the day and May the Fourth be with you!"
-George Lane, Guild Mortgage