Mortgage Rates Steady At Recent Lows Ahead of Election

Mortgage News Daily, Nov. 2, 2020–Matthew Graham
Mortgage rates move higher and lower all the time, but truly massive moves tend to arrive with many months (if not years) in between. The trade war in 2019 and the pandemic in 2020 both served to push rates significantly lower, but how about rate spikes? If we’re talking about the really big stuff, there are only 4 obvious candidates in the past 20 years. Two of these had more to do with volatility following the financial crisis in 2009 and 2010.
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