Five years later and we see the Dow Jones Industrial Average make its way to new record highs. This is occurring with mortgage rates for both conforming and jumbo loan programs remaining near record lows.
Weird relationships in the financial markets these days.
What to expect for mortgage rates?
Well, it continues to be hard to predict out very far but I do not anticipate much for movement in rates until the 2nd half of 2013.
You should expect to hear the Fed "talking" the market before they take action to adjust their Overnight Rate. We see a little of that happening but nothing substantial yet.
Just a quick observation for the day with the Dow Jones taking the headlines.
BG
No comments:
Post a Comment