A Trump Bump - As In Interest Rates

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Mortgage and Lending with Premiere Mortgage Services Inc. MLO 18693
http://activerain.com/droplet/4XqM

 

A Trump Bump – As In Interest Rates

 

Long term rates have risen and are predicted to rise a little further through next year. When long term treasury rates rise, so do mortgage rates. Speculation about a boost in economic growth, higher inflation rates and international trade wars are fueling this rise. What does this mean for you? Nothing if you have locked in a rate below 4% for your home loan. If you are looking for a home or did not lock in a rate for your refinance, expect your interest rate to be higher than quotes you had a week ago. Is this speculation premature? Perhaps, economists caution their forecasts are tentative. The marketplace does not like uncertainty so expect a bumpy ride until a clearer picture of a Trump administration and its policies are evident. As for forecasts by economists, if you want four opinions about the economy, ask three economists.

 

Dana Bain

www.BainMortgage.com

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Rainmaker
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James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Dana.  One thing for sure time will tell and time is closer than we think

Nov 14, 2016 08:31 PM #1
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Dana Bain

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