Rate Watch - Chris Jones Group
More insight from Chris Jones:
An interesting piece of news in the mortgage markets today - CitiGroup announces that they are close to moving a multibillion-dollar package of subprime, prime, and leveraged loans, the kind of deal they were able to do in the blink of an eye last year, and not at all six months ago. That indicates retuning liquidity in the credit markets, and that ought to mean positive things for interest rates. It’s earnings season on Wall Street, and the first day of them was terrible, with a real unlikelihood of anything much better coming over then next couple weeks. That also ought to be good for interest rates.
It looks like rates should remain stable under 6% in the near future.
Jimmy Rex was the Keller Williams Regional Rookie of the Year in 2006 and sold more than 100 homes.