10/30/2026
The stock market is taking a beating, but don't assume that means mortgage rates are headed lower!
The bond market isn't following its usual playbook, and understanding what's driving rates is more important than trying to predict where they're going next.
Bonds were initially stronger in the overnight session with 10yr yields briefly falling under 4.90%. The rally generally aligned with overnight losses in the stock market, at least at first. When European markets came online, bonds began drifting more sideways even as stocks gradually declined to ne...
