What is going to happen with interest rates for 15 year and 30 year mortgages?
Mortgage Bonds hovered near 2016 highs at the start of fourth quarter, keeping home loan rates near historic lows.
A train wreck for the economy and a crash in the stock market were predicted during the presidential campaign if one candidate won. Then the election happened. Stocks rallied, sending Bonds into a dive and driving home loan rates higher. Both Bond prices and home loan rates regained their footing and stabilized by the close of 2016.
Despite a slight increase, home loan rates are still in attractive territory. Inventories are very low. If you are thinking of buying or selling it will take some hard work. Let’s get going!