What factors are keeping mortgage rates down?

Negative data from August and global economic factors are both responsible
  • Domestic data from August looked poor, and global bond yields are back below zero.

In late September, the 10-year T-note returned to its July to early-September range, 1.50 percent to 1.60 percent and holding mortgages near 3.50 percent. At the end of last week, the market was testing the top, and this Friday’s job data will be definitive.