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The rate of home mortgages shot up at full speed after the 2016 election results came. Bonds were sold, stocks were bought and the supposed end of the refi market happened. The crazed delight for investors thatpro-business regulators combined with the promise of much lower taxes, oil and dollar prices they could live with and the thought of opening Russia to more capitalism made the euphoria occur. Follow that up with retail buyers.

Two months later and the market is finally settling down. The 30-year fixed mortgagegot as high as 4.25% with no points but it has dropped back to 3.875% and 3% on a 15 year.

The market said whoa for now. It’s a day-by-day, wait and see, react and then breathe. So if you did not refi, you may have a window.

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