Each day I get up to get my bearings in the financial markets and it seems like an extended Groundhog day. With our central bank in the mortgage market and the bond market, stocks and bonds have lost their historical relationships. This has been going on since the economic crises of 2008. My clients ask me daily about locking or floating their mortgage application. This is part of the reason I stay in touch with the markets. My advice has always been lock because markets move so fast these days. More than the speed, the main concern is the invisible hand of government(s) coming in to calm the markets.
With Japan, these movements have been much broader and random then recent months. For now, rates have been heading back down while stocks have suffered. Will this market shift continue? I think so.
Branch Manager, Highlands Residential Mortgage, Ltd., Palm Beach Gardens Florida
My website - www.MichaelCantwellTeam.com
My Mobile # 561-262-5366
Branch Manager - NMLS: 644428
Highlands Residential Mortgage, Ltd. - NMLS: 134871
Highlands Residential Mortgage, Ltd. is an Equal Housing Lender – This is not a commitment to lend.