There is one game every year that I don’t miss and it starts tomorrow at 5:30 pm. This one game is the reason that I pay for cable TV for the rest of the year. Consider this a public service announcement.
Mortgage rates look to be trending upward, following suit to rising bond yields all over the world. Mortgage interest rates of course move independently from shorter-term loans which are based on Prime, but it’s still worth noting the general trends happening in the debt markets as an indicator for what could be in store. The Fed governors have been touring the speaking circuits this week, arguing for and against a rate hike at the Open Market Committee meeting which convenes in a couple of weeks. The Fed Funds Futures shows only an 18% chance of a Fed rate hike at that meeting.