I have been noticing that the bonds market has been having substantial gains, especially the last two days. Could this be an indication that mortgage rates could improve in 2019? by ozawa268 from Tempe, Arizona. Dec 21st 2018
I hope you are right, but many "experts" still agree mortgage rates will be on the rise throughout 2019 and into 2020 sometime. Bonds are not directly tied to mortgage rates. They are typically driven by the same market forces, but have been known to move inversely of each other at times. That being said, no one has a crystal ball and the Mortgage Backed Securities market (which determines mortgage interest rates) has defied conventional wisdom before.
Yes and no... because the market changes daily, so do rates.. no one has a crystal ball, but this we definitely know.. Rates have been artificially low for over 8 years.. all the analysts have been saying that once the economy recovers, rates will migrate to "normal" levels.. and that's exactly what's been happening.. so there might be some moving up and down day to day.. but the overall trend is rates are going up.. If you are thinking about buying or refinancing, you should not hesitate.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893
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