Beneficial Volatility Pushes Rates to New 2017 Lows

Mortgage rates experienced a bit more volatility this week, but fortunately, it worked in our favor. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced on Wednesday on news of a bipartisan agreement to provide disaster relief and to temporarily raise the debt ceiling. The latter had been causing general economic concern--something that tends to benefit rates. Thursday brought the European Central Bank announcement which was beneficial for global bond markets because the ECB isn't in a rush to pull the plug on its accommodative efforts (translation: "stuff that helps rates stay low"). After all of that, Friday ended up being rather superfluous in the bigger picture. The fact that the nation is

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