The mortgage backed securities markets and the 10 year Treasury Bond Markets shifted gears today on what many believe will be an irreversable track toward higher rates. This isn’t just a small bump in the tight range that things have been trading in, but a fundamental shift toward higher rates.
Federal Chairman Janet Yellen has stated that the data will drive her decision to push rates up, and she has that data.
There will be a bounce off the bottom as there always is, but the trend that started at the beginning of February will continue. Rates are on their way up so get in early, lock your rates quickly because the gravy train has left the station.
In Malta, Saratoga, Albany, Troy, Schenectady and the surrounding Capital District we are seeing a very strong Spring Real Estate Market due to low rates, good employment, low fuel prices and high consumer confidence.
What is your area Real Estate market like?
