Rate Update April 1, 2008
We’ve talked frequently in ‘rate update’ about the impact that a strong stock market can have on mortgage rates (generally speaking, a rallying stock market will push mortgage rates higher). Currently the Down Jones Industrial Average is up over 200 points. The rally is being credited to two main points:
Watch today’s you tube video to understand the two points and what it may mean for mortgage rates…..
Current Outlook: locking