Mortgage rates dropped quickly to 2-month lows today. There were - TopicsExpress

Mortgage rates dropped quickly to 2-month lows today. There were numerous headlines swirling mid-morning concerning military violence between Ukraine and Russia. Financial markets responded in a big way with stocks losing quit a bit of ground by noon and US Treasuries falling to their lowest levels since June 2013. MBS, however (the mortgage-backed securities that dictate mortgage rates), were not able to experience quite as much benefit, essentially meaning that Mortgage rates didnt improve nearly as much as other sectors of the bond market.

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