【Zillow】Mortgage Rates Tick Down Ahead of Thanksgiving

Following a noisy couple of weeks, mortgage rates calmed this week, trending slightly lower ahead of the Thanksgiving holiday.

Bond yields, which drive mortgage rates, rose modestly early in the week on news of another COVID-19 vaccine candidate. However, news that several of the Federal Reserve’s emergency lending programs created as part of the CARES act may not be extended into 2021 caused yields to slip back down. Increasingly it appears that markets are more concerned about political, epidemiological and policy-driven developments when determining their appetite for risk, weighing them more heavily than traditional economic data releases.

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