Rate Watch - Chris Jones Group
More great insight into how the stock and bond markets work together and against each other. With rates as low as they are now and threatening to increase in the near future, it’s important to act quickly. As Chris Jones explains below, time may be running out to get your interest rate locked in below 6%.
First day of the new quarter brings a move higher on the Dow and that’s
taking a lot of money out of bonds. The yield is still good, in the
3.5% range, but there’s still no liquidity in the mortgage market, so
that yield, which would last year have meant mortgage rates in the 5.25%
range, today means 5.75% and moving higher. Bonds are getting killed
today and that’s driving rates up.
Jimmy Rex was the Keller Williams Regional Rookie of the Year in 2006 and sold more than 100 homes.