As I sat at my desk and watched the bond market all week I could help but hang my head. The 10 year bond went from the low 5s to as high as 5.25% in the middle of the week. I probably don't have to tell you what this did to the interest rates. Rates ran with the bond market and seemed to rise even faster. The bond market has settled down a bit yesterday and today with the 10 year bond dropping some yesterday and only rebounding by .02% today. Well just wanted to update every one. Have a great Friday!
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Canopy Mortgage - Leo Namiot - Saint Augustine, FL
More than just great rates
I think the market will finally start a steady up swing, buyers, stop taking the wait and see approach and buy.
Jun 14, 2007 01:53 PM
RCP Realty Group, LLC - Calera, AL
Working Hard to Make your Experience Easier
Thanks for the update. I saw the rise in rates and it was expected. I believe buyers might be waiting on something that just is not going to happen for a while or maybe it will. It is always a gamble. You ahve to love it.
Doug
Jun 14, 2007 02:10 PM
Summit Mortgage Corporation - Honolulu, HI
A lot of the buyers who were on the fence are getting burned for that now. I've also notice a lot of buyers getting off the fence to try to beat further rate increases.
Jun 14, 2007 02:13 PM
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
I think a little movement up and down will stimulate some activity. As long as it does not keep going up.
Jun 14, 2007 07:23 PM
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