June 24, 2021

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Mortgage News

Mortgage rates for June 10

“The downward movement in interest rates and the bond yields that were affecting them were confusing to markets as there was no apparent reason for such a move,” said Matthew Speakman, a Zillow economist. “The May job report fell short of expectations, which for the time being at least weakened the likelihood of the Federal Reserve tightening monetary policy soon – which would ultimately put more pressure on yields. However, it is unlikely that the job report alone was responsible for this recent downward trend.