Thank you for voting my company the Best Mortgage Company in Utah Valley this year. I am fortunate to have the best clients in the State and really love helping families formulate and achieve their goal of home ownership!
Bond pricing is up 13% YTD so far this year, the largest returns for that period since 1995. Higher price means lower rates! Speculation that monetary policy makers here and abroad will continue the current pace of economic stimulus is at the root of the gains. Mortgage Bonds have blown through all resistance levels and are currently at 12 month highs. Interestingly enough, today’s price is exactly what it was one year ago when rates were on the way up. Let’s hope that rates continue to trend lower!