Last week, stocks rallied on news of a trade deal between the United States and Canada, which put pressure on bonds, says Bob Johnson (AKA BobMortgage) in this week’s Mortgage Report. Instagram followers got that up-to-the-minute news on Wednesday, where our most-trusted mortgage expert converted his “float” position to “lock.”
In this week’s 71st episode of the Mortgage Report, BobMortgage, the senior mortgage adviser of the nation’s oldest private lender, Wallick & Volk, keys us into just what market dynamics are at play and how to interpret the fluctuations in the stock and bond markets.
Keep your finger on the pulse of the market by following BobMortgage on Instagram. For a more detailed breakdown of all the myriad forces that impact mortgages, tune into this week’s Mortgage Report: