【Freddie Mac】Housing Market Remains Strong While Economic Slowdown Looms

September was the most volatile month for mortgage rates since the beginning of 2018 with an average week to week change of 11 basis points for the 30-year fixed rate mortgage.

The recent volatility in the market is due to several causes. The outlook for a favorable resolution to the trade dispute between the United States and China changes day-by-day or even hour-by-hour, introducing volatility into financial markets and the benchmark 10-year Treasury yield. The second week of October saw the 10-year Treasury yield rise by nearly 25 basis points from Monday to Friday.

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