Weekly Rate Outlook

Rates are currently resting after a crazy roller coaster up and down last week. Business news continues to talk about getting a higher rate of return in Australia, New Zeeland, and Western Europe. This is causing continued upward pressure on mortgage rates as we need investors to buy the bonds that fund your loans and their money goes to the highest return for the risk. The stock market has also been strong, pulling in more money. There are some indications that the stock market is "over sold" and ready for an adjustment. We shall see.

I am linking my weekly Realor newsletter from the Mortgage Market Guide if you would like more detailed information. I will link this every Monday.

Paul's MMG Weekly