HomeLoans Blog

We had a string of 9 days of interest rate increases, beginning with January 31 until February 10. The bond market went through at least 2 support levels, and there seemed to be no end to the deterioration.

With the troubles in Egypt though investors began to show some concern, enough to look again at the bond markets. This chage caused a rather abrupt reversal, and was very well received by us all.

My thoughts are that this level may provide a support, but it will likely not mark a turn to significantly improved rates like we enjoyed a couple months ago.

I am thankful that the decline has ended. I just do not expect that rates will move much lower. The general trend since November has been for rates to increase. Nothing seems to happened to change that trend.