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New Covid Variant Rocks Markets; New Loan Limits Next Week
Jeannette Thompson
Published 7 months ago
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news.
B.1.1.529 (designated now as"Omicron"), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of it. Search interest began to ramp up on Thanksgiving Day. By Friday, it's an utterly pervasive headline.
Continue to read this article by clicking on the PDF above and feel free to contact us with questions at 970-668-0880.
B.1.1.529 (designated now as"Omicron"), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of it. Search interest began to ramp up on Thanksgiving Day. By Friday, it's an utterly pervasive headline.
Continue to read this article by clicking on the PDF above and feel free to contact us with questions at 970-668-0880.
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National Rate Averages
Conf. 30Y Fixed
5.505%
0.093
FHA 30Y Fixed
5.411%
0.061
Jumbo 30Y Fixed
5.323%
0.069
Rate averages are calculated from actual locked rates. Learn more.
