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Volatility Has Been High, But Next Week Could Be Worse

Jeannette Thompson

Published 6 months ago

Financial market volatility increased noticeably after the emergence of the omicron variant. Last week, that proved to be good for rates and bad for stocks. This week was a different story.

While the collective view of omicron remains cautious, several high profile comments pushed back against the defensive reaction seen in the previous week. Stocks eagerly bounced back toward pre-omicron levels and bonds reluctantly followed.

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National Rate Averages

Conf. 30Y Fixed

5.42%
0.023

FHA 30Y Fixed

5.333%
0.005

Jumbo 30Y Fixed

5.163%
-0.169

Rate averages are calculated from actual locked rates. Learn more.

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