HomeLoans Blog

November 4th, 2008 5:55 PM

Interest rates have finally made a strong move back down. Today there were three separate rate reprices to the better. It has taken some time, but maybe we can expect that rates will be more inline with the fundamentals of the economy.

Over the last several weeks, investors had kept funds out of the bond market because of a general uncertainty about any investment that has an element of risk.

Perhaps now we can expect rate movement to be governed by more normal concerns associated with economic reporting.

Upcoming we look to Friday's report on employment. My hope is to be able to return to blog posts about other mortgage matters and let rate fluctuations move in line with normal market ups and downs.


Posted by Richard Smith on November 4th, 2008 5:55 PMPost a Comment (1)

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