"Stocks do not like global unrest where potential for several countries to be negatively effected can have a significant impact on multiple economies."
The bond market was under pressure most of the week, but at the end of Friday rates remained steady. Much of the pressure was felt from the uncertainty about a potential air strike from the US on Syria. Once President Trump announced we might hold off on this action the stock market reacted favorably. Stocks do not like global unrest where potential for several countries to be negatively effected can have a significant impact on multiple economies. Additionally, the Federal Reserve released statements about the health of the economy and are holding firm about growth continuing in the right direction. Due to these sentiments we can count on additional rate hikes throughout the rest of the year. Next week will be a big week for bonds, if the pressure persists there is opportunity for rates to increase in the short term.
Information Courtesy of: Mike Kazell | Sr. Mortgage Loan Originator | Hallmark Home Mortgage, LLC NMLS #53441 | email@example.com | Direct/Text: 720-593-9529 | Office: 720-512-5501
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