Rates Bump Up Before The Holiday | December 23, 2017
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Matt Thomas
Most people start a business on the basis of opportunity. I was no different when I started my real estate business in 2009...
Most people start a business on the basis of opportunity. I was no different when I started my real estate business in 2009...
 Several pieces of news factored into interest rates bumping up by 0.125% over the last week. Tax reform legislation was approved, which mainly drove optimism in the stock market leading the DOW to soar in the early part of the week. Housing starts also beat expectations which is another healthy sign for the economy. Late in the week we received some bond friendly news, however not enough to make a significant impact as most traders were already at home for the holiday weekend. Volatility in the market is typical for this time of year, it is likely we will return to normalcy in the next couple weeks. The fundamentals of the economy do not show justification for increased rates long term. Sit tight and enjoy the holidays! |