Market Update 7/8/2017
Hope everyone had a relaxing week after the Fourth of July!
Quick update on the bond market. Interest rates have been trending up since about June 26th. Nothing too significant, but talk from the ECB in Europe has been having an affect on our bond market in the U.S. Rates currently are holding around 3 Month-Highs, but we still aren’t in the range we reached after the Election in November.
Anyone currently in the process of purchasing a home you could benefit from locking your rate to avoid any potential increase in rates in the near future. However, let’s all hope they start trending back down again.
Have a good weekend everyone!