【Zillow】Rates Slide as Bond Market Falls Sharply
Mortgage rates fell this week, but not as far as expected, amid growing geopolitical uncertainty that has prompted a steep decline in the bond market.
Yields plummeted to 20-month lows in recent days as investors – who continue to weigh risks surrounding the U.S.-China trade negotiations, Brexit and slowing European economic growth – accelerated their flight to the safe haven of Treasurys. The inversion of the yield curve exacerbated this behavior.