Posted To: MBS CommentaryInterest rates that have generally been rising for a any period of time can catch a break for many reasons. Sometimes it’s Italian political drama (not that this is common, but it was a big deal in May 2018), and other times, it’s a old-fashioned stock sell-off. This week it was the latter. Time and again when big stock sell-offs help rates break a vicious cycle, we’ve seen a lot of resistance to the idea. In other words, it takes a BIG drop in stocks to catch rates’ attention if rates’s attention has been excessively focused on moving higher. That’s exactly how things went down this week. Far be it from me to complain about lower rates. Indeed, I’m not. But with these lower rates come other challenges posed by massive stock losses. If we could have our cake and…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631