The Mortgage Report: Bonds Show Modest Rally, Interest Rate Increases on Horizon
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Surprisingly, bonds were up last week at the close of the market on Friday — a welcome, but modest change in the face of a turbulent stock market. Though the Federal reserve put off an interest rate increase, that could change in the coming months. And though employment figures have positive momentum, reports show the job market is coming up just short of projections.
There are so many variables affecting mortgages, so we’re always looking to our most-trusted mortgage expert — Bob Johnson (AKA BobMortgage), the senior mortgage adviser for the nation’s oldest private lender, Wallick & Volk — to interpret the tea leaves. Should you lock or float? Find out in this week’s Mortgage Report now:
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