Those that have known me a longer time know my fascination with the financial markets. Some might even call it an obsession!
Every day I scour stock charts and the charts of mortgage-backed securities trading on Wall Street.
For years, I subscribed to a service to watch the daily moves in the mortgage-backed securities. Then, the marketplace became so manipulated and rates became so much more stable that I found it not a great use of my time.
Well, things are changing.
What is going on?
The 12 year and counting downtrend in mortgage rates is near its end. Financial markets never go in one direction forever.
In fact, the "funkiness" of the mortgage-backed securities market on Wednesday "feels" like a beginning to me. A beginning to more volatility and the eventual move higher in mortgage rates.
Now, I'm not saying it will be immediate nor swift. It might be but this is still a market firmly manipulated by the federal government and the Federal Reserve.
The key point is to recognize the shift underway as that has impact on your future finances.
As always, I'm happy to discuss your specific needs and plans. You can find the best means to contact me here at www.brettgrendahl.com
Brett
NMLS 455329
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