Probably the only thing tougher than determining where interest rates are headed, are the folks trying to refinance mortgages as the interest rate roller coaster continues.
We watch rates closely and have spoken recently about the falling rates with concern. Since we visited the subject, rates have not only turned tail and spiked higher, but then in true decisive form turned back in Armageddon flashing fashion again.
Here is an updated chart of the 10 Year US treasury yield.
For now we are chalking this up to low trading volumes associated with the late summer doldrums. Summer is almost over and trading volumes should pick up over the next few weeks. We will keep you appraised, but for now call us carefully watchful!
Have a Great Monday!
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Dallas, TX 75225