General World News

Will a wider war in the Middle East push mortgage rates higher or lower?

Mortgage rates headed higher last week after the CPI inflation report, but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates. The week ahead will answer some of those questions early on.

10-year yield and mortgage rates

There is nothing good to report on mortgage rates from last week. The chart below shows that we broke the critical technical level on the 10-year yield (marked details ⇒

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