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Market on the rise, Time to get in now!
June 13, 2018
Volatility may be coming back to the bond market. Since it's four- year high of 3.003 in April it has softened and is trading around 2.9 percent, with a 2.4 percent in the beginning of the year.
Bryce Doty with Sit Investments Associates, predicts by the end of the year the 10-year note will be between 3.5 and 4. He says, "It's probably not until 3.5 percent on the 10- year where it really starts to hurt the economy."
The housing market is what he's predicting to get caught in the crossfire soon.
"If mortgage rates get up over 5, 5.5 percent, that really starts to hit the real estate market. And, that's where you need to be nervous," Dotty said.
With this being said, NOW is the time to get in and get financed for a new home, or refinance, before the rates increase. Call us today 801-465-3422 or go to our home page and click apply now.