Mortgage rates show little change again this week

“There is plenty of uncertainty looming regarding the debt ceiling, the ongoing infrastructure debate, as well as the impact of the delta variant,” said Elizabeth Rose, sales manager at AmCap Mortgage. “Then you add in the geo-news of Evergrande. This Chinese company is on the brink of collapse, and a default would wreak havoc. The concern is already showing up in both the Chinese stock market and the U.S. stock market. Keep in mind, mortgage bonds respond favorably to bad news, which in turn helps keep interest rates low.”