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Updated about 2 years ago on . Most recent reply
Robin SimonPoster
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Great Day for Rates and Mortgage Bonds
Robin SimonPoster
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Should see some further rate relief in the coming days as the markets interpreted Fed Chairman's speech today as dovish and indicating lesser rate hikes / sooner pause. Some good recaps from Mortgage News Daily:
"Powell Shows Up With Holiday Cheer For Bonds"
https://www.mortgagenewsdaily....
"Mortgage Rates Not Nearly as Low as They Might be Tomorrow"
https://www.mortgagenewsdaily....
"Spoiler alert: bonds moved in a fairly big way right at the end of the trading day today! The first phase of the move was already underway in response to a speech from Fed Chair Powell who confirmed a likely slowdown in the pace of Fed rate hikes in coming meetings."
Will we be below 6 by New Years?