"Historically, bonds show immediate improvement when there is global unrest as uncertainty in the markets favors safer investment strategies."
This week rates surprisingly nudged up a bit after the unexpected air strike took place in Syria. Historically, bonds show immediate improvement when there is global unrest as uncertainty in the markets favors safer investment strategies. This is a sign the markets are becoming desensitized to the conflict in the Middle East. On a more positive note from a global perspective, North Korea is positioning themselves to end the war with South Korea while agreeing to tear down their nuclear bomb program. Several moving parts to the global economy are picking up steam, which should help us have a better feel for the trajectory of rates throughout the summer. One note to be aware of domestically is the price of oil hit a three year high. This too has put pressure on bonds and is also considered further validation about inflation impacting our economy.
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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