Mortgage Market Guide's recap of what happened this week and why.
Yellen for Higher Rates!!! Treasury Secretary Janet Yellen spooked the financial markets by suggesting rates should go higher. Her off-script but honest remarks were quickly backtracked. Sell in May and Go Away is in full bloom for the NASDAQ.
Next week we will see Consumer Inflation on a year over year basis exceed mortgage rates for the first time in nearly 50 years!!!!
Click below and in 60-seconds find out what this all means to you, your clients, realtors and builders.