Mortgage Rates News

Is today's stock market rally going to influence the mortgage interest rates tomorrow?

I'm debating to lock in my mortgage today with not so great rates that closed on Friday. Today had a huge stock market rally, do you think the mortgage rates will drop tomorrow? What I'm debating is should I lock in rates today or wait until tomorrow because of this rally? I know morgage rates are tied to bonds.

Public Comments

1. Yesss
2. No. Mortgage interest rates are not tied or related to how the stock market does on any one specific day. Mortgage interest rates are set using other base interest rates such as the LIBOR rate, etc.