PIMCO Betting Against US Treasuries. Interest Rates Are Going Up.

By
Mortgage and Lending with SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) NMLS 223495

When PIMCO bets against US Treasuries, you can bet that interest rates are headed up.

The headline this morning on Bloomberg reads: "Pimco Total Return Cuts Government-Related to Negative, Boosts Cash Assets."  PIMCO is the most successful bond trading company in the US.  I check Bill Gross's opinion on the bond market daily (when I'm not in Oklahoma working cows.") 

Fixed rate assets like Certificates of Deposit will benefit, but mortgage rates will not.  Mortgages are set to rise, as they have been doing for the past three weeks.

Even so, astute REALTORS and Mortgage Originators will do well if we keep our finger on the pulse of the market and communicate regularly with our clients.  There is opportunity in ANY market.

_____________________

I'm Mike in Tucson, your preferred Tucson Arizona Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE llc ~ Correspondent Mortgage Bank
Offices (AZ) Mesa, Tucson, Sierra Vista, and Nogales.

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Rainmaker
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Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

Mike - Thanks for the heads up - I will warn my fence-sitters!

Apr 12, 2011 03:54 AM #1
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Cara,

Thanks for being the first to comment!

Mike in Tucson

Apr 13, 2011 12:12 AM #2
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Well, we have been saying interest rates will be increasing and it is time to buy; this will only get more people back into purchasing mode! Thanks for the information!

Apr 14, 2011 02:01 AM #3
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Communication and knowing thy numbers will only increase business in real estate.

Apr 16, 2011 04:33 AM #4
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Jon Quist
REALTY EXECUTIVES TUCSON ELITE - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Mike, that's just ducky. More good news for our industry.

I may be able to use this to speed up a couple of my buyers.

Thanks for the heads up.

Apr 17, 2011 08:40 PM #5
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