Searching for mortgage rates on Google news continues to be a source of amusement, with every other article saying they’re increasing or decreasing. In fact, as the Dayton Business Journal points out, this is the fourth straight week where rate movements have changed direction. This latest change appears to be connected to a drop in U.S. Treasury yields, which, in turn, seems to be connected to publicly traded companies failing to meet earnings expectations. Perhaps they’ll reverse again now that Amazon has announced a surprise profit?
