If you remember, right after the election in November, the stock market started to climb based on assumptions of pro-business policies that the Trump campaign had promised.
While Wall Street was very bullish, and the Dow climbed, the bond market suffered and mortgage interest rates went up very quickly. Well, we've had a reprieve caused by the struggle to get health care reform done, and the other issues swirling around the White House.
While interest rates are still slightly higher than they were in November, they have improved over the past couple of weeks. This is a real opportunity for people who thought they had missed the boat for refinancing and for first-time homebuyers who might have a difficult time qualifying at a higher rate to purchase now!
I am not trying to make a political commentary, I am simply observing what's occurring in the market and offering advice.
NOW maybe the best time to take advantage of what are historically very low interest rates.