Mortgage Rates Stage Nice Comeback, But Uncertainty Remains

May 29 2020, 5:50PM

Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week.  Mortgage rates are determined primarily by the bond market, and the bond market benefited from strong demand at the end of the month.  Higher demand means higher prices, and higher bond prices equate to lower rates. 

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