Fixed Mortgage Rates Retreat After a Month of Gradual Increases
Washington Post, Oct. 19, 2017–Kathy Orton
“Treasury yields were relatively flat last week,” said Joel Kan, an economist with the Mortgage Bankers Association. “While the [Federal Open Market Committee] minutes showed an increased likelihood of one more rate increase in 2017, nudging rates slightly higher, the week’s gains were offset by a downturn on Friday due to weaker than expected inflation data.”
