Mortgage Rates Drop as Inflation Fears Ease
Posted by Paul Jackson on Jul 31st, 2008
2008
Jul 31
It’s a strange paradox of the mortgage industry that bad economic news generally tends to push mortgage rates lower, and improves the demand outlook for originators; confounding that general rule, of course, are fears about inflation, which can wreak havoc on mortgage rates in precisely the opposite direction.
In the past week, investor fears about inflation [...]