Mortgage Rates Maintaining a Tight Range Amid War-Related Uncertainty

Rates remain focused on oil prices and war-related developments. With yesterday’s ceasefire extension and today’s ambiguity over the time frame of that extension, rates are in a distinct holding pattern until the next phase of escalation/de-escalation comes into better focus. For now, the market is generally betting on de-escalation as seen in stocks being near all-time highs and bond yields (aka „rates“) being well …