Mortgage rates back under 4% in biggest 2-day drop since 2011 as Russia invasion intensifies
Russia’s invasion of Ukraine causes global uncertainty to say the least. Uncertainty leads global investors into safe investments like mortgage bonds. And when mortgage bond prices rise on buying rallies, rates fall.
That’s what has happened in a major way since Friday as Russia’s invasion of Ukraine intensifies this week. Hit the link below for Matt Graham’s briefing on this big 2-day rate drop.
From Friday afternoon to right now, rates have dropped more than almost any other 48-hour period in more than a decade.
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Check It Out:
– Biggest 2-Day Rate Drop in a Long Time as 30yr Surges Back Under 4.0%