New Administration could bring new opportunities!
A new administration could bring new opportunities for borrowers! Long term mortgage interest rates have been stuck on the higher side of where any of us in the business expected them to be ever since the Fed cut short term rates! This hasn’t made sense, but since long term rates are only moved when large investors buy or sell mortgage backed securities, there’s been more selling than buying. It could just be that investors are waiting to see if the new administration will bring new opportunities that are bond friendly. Such as an economic atmosphere that doesn’t scream “inflation”! If we can count on anything, it is that change with a new administration does usually bring about new opportunities, so if you are looking to purchase or refinance your property, now would be a good time to pay attention to the bond market. If you see that yield drop on the 10 year treasury bond, then that is the time to call me, Michael Mitchell and let me run numbers for your situation! I’ll be standing by! Call 707-337-5970 mobile or 530-406-2200 & 707-259-1117 land lines.
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