HomeLoan123

Focus on Global Events

Friday, Nov 16, 2018 By HomeLoan123.

The primary influences on mortgage rates this week came from outside the U.S. Concerns about the pace of global economic growth and uncertainty about British plans for exiting the European Union were favorable for rates, while the U.S. economic data had little impact. The net effect was that mortgage rates ended the week lower.

Investors reduced their outlook for global economic growth this week, partly due to the news that economic output contracted in Germany and Japan …