By Mathew Graham | Mortgage News Daily
Mortgage Rates were lower again Thursday, after the European Central Bank (ECB) avoided sending any scary signals about tapering its asset purchases. Much like the Fed conducted quantitative easing (QE) in the US by buying US-based bonds, the ECB has been buying various European bonds under its own easing program. In both cases, the effects helped bring down rates around the world. There has been some speculation that Europe is getting close to their own version of the Fed’s 2013 “taper tantrum” (which refers to the quick move higher in rates in response to the Fed saying it would soon be reducing QE purchases).
