Friday, March 22, 2013

Interest Rate Bias Up Pattern is in Tact

The chart below shows mortgage bond prices over the last six months.  Interest rates and bond prices have an inverse relationship – the lower the bond price, the higher the interest rate.  The chart shows that bond prices are fluctuating within a band that is declining thus the trend higher for rates.

Rates are trending higher so finding that home or taking advantage of refinance savings is becoming more time sensitive.



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