Volatility remains in the mortgage bond market and that means mortgage rates are volatile also. I know it seem funny because with all the volatility rates are moving very little and that is because the movements happen through out the day and by days end rates are only a little up or a little down.
In Indiana people say “if you do not like the weather wait a few minute and see if you like that weather better”. It is the same way right now with mortgage rates. If you don’t like what you see, wait a little bit and see if you like that better.
My take is still the same I believe rates will continue on a downward trend. I also think it is a good time to refinance and buy a home and that will continue for the next six months to a year.
Get ready its refinance time.
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