US retail sales fell 1.1% in March. They were expected to rise. The stock market is down, and the 10 year bond yield is falling. Other factors affecting today's bond market rally:
- Sabre rattling: North Korea pulled out of the nuclear talks.
- Profits eroding: Producer prices were down in March by 1.2%.
If you're closing on a loan in the next 30 days, my recommendation is to lock.
Call me if I can help you with a purchase or refi mortgage;