santa clarita: Interest rates - what to expect in 2011
- 12/28/10 07:05 AM
Interest rates have been increasing since early in November 2010 and most of what we have seen is due to an overreaction to any piece of economic news. It actually makes me laugh that some of the bond traders truly believe that we are in the midst of an economic recovery. REALLY? Was I asleep when the economy recovered? I have been in the mortgage industry for over 20 years and when it comes to interest rates I know one thing. The markets will overreact to everything. When interest rates were going down they went down fast because the traders reacted … (0 comments)
Interest rates have been increasing since early in November 2010 and most of what we have seen is due to an overreaction to any piece of economic news. It actually makes me laugh that some of the bond traders truly believe that we are in the midst of an economic recovery. REALLY? Was I asleep when the economy recovered? I have been in the mortgage industry for over 20 years and when it comes to interest rates I know one thing. The markets will overreact to everything. When interest rates were going down they went down fast because the traders reacted … (0 comments)
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