Mortgage rates had some very decent gains last week, primarily due to geopolitical risk pushing investors towards "safer" Treasuries and mortgage-backed securities (MBS), and as a result, last week ended with rates at the lowest levels in over two months. But what is in store for mortgage rates in the week ahead? Can this momentum continue, or will mortgage interest rates see a bounce upwards this week?
• Agreement reached
• For further talks
• Which could produce proposals
So to recap, at least we've agreed to talk about possibly proposing a plan to deescalate. What commitment! What utterly precise and forceful action! (And we wonder why this conflict continues to fuel market uncertainty... or do we?)."
The same article goes on to explain, "Last week's rally was so decent that any further improvements would require another similarly momentous day of headlines. Bond yields are pushed right up against the lower edge of their recent trend. Any major suggestions to move in the other direction would be well-met both by bears who think it's finally time for rates to go higher, as well as bulls who wouldn't mind giving the rally a chance to recharge."
Blue Home Loans explains that there is always a chance that things could escalate in
Those who are near to closing on their loans should probably consider locking in the current rates, while those with a little more time on their hands could choose to float, but should do so carefully, with an eye on the markets and close communication with their loan officer, who ideally will keep them updated on any changes in mortgage rates that would signal that it is time to lock in.
Blue Home Loans can help
For more information on how Blue Home Loans can help
Read the full story at http://www.prweb.com/releases/blue-home-loans/mortgage-rates-week-ahead/prweb12101761.htm
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