Interest rates for 30-year and 15-year fixed home loans crept higher, while 5/1 ARMs were unchanged, according to a NerdWallet survey of mortgage rates today. After Friday’s upbeat employment report, the S&P 500 set another record high. Rising stocks can often push bond prices down and interest rates up. “Generally speaking, stock weakness usually makes bonds more...
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/mortgage-rates-tuesday-may-9-a-bit-higher-watch-stocks-for-clues/
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