The Mortgage Report: The Market Responds to Fed Rate Hikes, Possible Trade War

Bonds made positive moves last week on Friday, which is typically a positive indicator for mortgage rates. However, the Federal Reserve increased rates last week, too, though the comments were a mixed bag. All of this on top of what appears to be a budding trade war with China. 

Looking for clarity in a turbulent market? Look no further than this week’s Mortgage Report from the most-trusted expert in North Texas — Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. 

Should you lock or float? What’s Bob’s outlook on the economy? Find out after the jump!