- Housing News, Videos
- April 28, 2020
Mortgage Rundown - At Home Edition
The state of the market over the past 30 days has been quite chaotic, join in now to learn what has been going on.
The state of the market over the past 30 days has been quite chaotic, join in now to learn what has been going on.
No doubt by now you’ve heard of the major disruptions in the financial markets in the past two weeks. With the Fed Funds overnight rate near zero percent, there has been a lot of confusion around the level of mortgage rates.
In recent days, we've seen volatility in both the stock and bond markets. Treasury and mortgage rates saw all-time lows and stock price volatility hit all-time highs. What does this all mean?
Due to the coronavirus and its impact on the economy, the mortgage industry is experiencing historically low interest rates.
2020 is off to a fast start with interest rates dropping the entire month of January. The 10-year Treasury dropped from 1.88% at year-end to 1.50% by the end of last month. Currently, we are hovering right around 1.65% as the market adjusts to a new range.
Where are interest rates headed in 2020? Take a look at our recent Market Update blog by Jason Obradovich and find out based on his expert analysis!
The year went from one of expectations of potentially higher rates to one with near record-low interest rates.
With the Fed lowering interest rates again, there’s plenty to be excited about and to watch for.
Globally there is pressure on rates to move lower in a strong economy. Watch and learn more.
With the 10-year Treasury expected in the 1.55 to 1.85% range, watch and learn what might follow.