The Smart Team of NOVA® Home Loans

Mortgage Rates in Holding Pattern Until Healthcare Vote

Posted To: Mortgage Rate Watch

While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn’t much of surprise considering yesterday’s much-anticipated healthcare vote never happened. It’s rumored to occur this afternoon, but markets won’t have much time to react before closing for the weekend. If you need to get caught up with the healtchare news and the mortgage rate implications, check out yesterday’s article . The bottom line of all this political drama is that it’s not about healthcare! It’s about investor confidence in the Trump administration’s other policy promises. If the healthcare deal fails (or is significantly changed), investors will lose hope for the tax cuts promised during the campaign. That would likely be bad for stocks and good for rates….(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Source: Mortgage News Daily

%d bloggers like this: