interest rate trends: April 18th Market Update: Like a toddler through a field - 04/18/12 02:12 AM
Good Morning,
Interest rates have remained steady over the past week but we may see some short term drama unfold tomorrow.  Spain is auctioning off bonds in an attempt to resuscitate their struggling economy by bring some much needed cash into the budget.  If they sell well, we will see a positive market reaction for the stock market, which will most likely cause the inverse effect on the mortgage market and raise rates.  Even though this would be a quick and dramatic stumble for our low interest rates, the long term future of Europe’s economy still looks fairly grim and … (0 comments)

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Matthew Royer

NMLS # 366970

Saint Paul, MN

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