Its been a long time in between these posts but here goes...
Mortgage Market Snapshot 07.11.16
I do not see a lot of negative rate hiking potential over the next few months. (this does NOT mean there will not be ebb and flow movements as those are natural and WILL happen) what I am saying is I dont see much upward pressure with the economic woes across the globe as well as this being an election year.
This week is going to be fairly quiet for news but some starts to hit on Wed with unemployment numbers/jobless claims and then PPI (producer price index) on Thursday.
What has happened since the Brexit news is a lot more uncertainty for investors and has caused the 10y treasury to hit 50 yr lows and bring long term fixed rates back down to levels never seen before with exception to late 2012.
many can benefit from buying now while their money goes further and those who own can save money with these best in 50yrs low fixed rates.
Now is a great time to buy or refi so dont miss this opportunity it may never come back again!