China Devalues Currency A surprise move in China helped mortgage rates improve early in the week. Stronger than expected U.S. economic data had the opposite effect later in the week. After the offsetting influences, mortgage rates ended slightly higher. China has long held its currency, the yuan, at a fixed value versus the dollar. On […]
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China and Greece Still Left With A Big Question Mark! Over the past week, U.S. financial markets were influenced primarily by events in China and Greece. Concerns about slower growth in China and increased uncertainty about Greece were both favorable for mortgage rates, which ended the week a little lower. China is the second largest
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