Mortgage Rates Battle Back From The Edge

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The same thing that has been moving markets and mortgage rates around all week, is once again behind today’s general bounce back.  Early this morning, one of the leaders of a political party in Greece said that his party could not back the bailout agreement.  The execution of this agreement was a key factor pressuring rates higher in general and it required the approval of all three of Greece’s political parties.  If constant drama surrounding Greece is starting to feel repetitious to you, you’re not alone.  There is yet another “important day on the calendar” next Wednesday, where Euro-zone ministers will meet again to approve the bailout package if Greece can get its ducks in a row by then.

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