I have had a couple of people ask me this past week about Mortgage Rates and when they will go up, down, or stay the same.
It is in general pretty simple.
One of my Lender buddies sent me this, so I thought I would pass it on.
Click the link (Why Bad News Can Be Good for Mortgages) for the article and let me know what your thoughts are.
Here is a small snippet from the Article, "...economy is on fire and there are good economic reports along with positive economic news, investors tend to put more money into stocks...causes home loan rates to increase...economy is sluggish and economic reports and news are negative...home loan rates decrease".
OK...so...it is about bonds and how Money moves from Stocks and other investments into Bonds, and back out depending on current "Market" conditions.
Bottom line is rates are great! They have only been better a few times in History.
Let me know if you have any questions. firstname.lastname@example.org 850.545.9317
Until Next Time!
Christopher M. Chaback - 850.545.9317cell
Broker Associate, ABR, CRS
BSBI Partners - Buy Sell Build Invest...Real Estate at its BEST
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