This month will have several key events to watch as the year has been eventful thus far, to say the least.
Uncertainty is taking over the markets given the stalemate over stimulus and political uncertainty, along with the upcoming supreme court nomination ahead of the general election.
Congress needs to quickly come up with a stimulus package to aid those Americans truly in need by offering enhanced unemployment benefits, direct payments, as well as aid for small businesses. And if that were not enough, renewed fears of another surge in coronavirus cases this fall and winter, like we are seeing in other parts of the globe, are bringing new concerns.
Lastly, while uncertainty provides a tailwind for Bonds and rates, the Bond market has some major headwinds of its own, limiting the improvement in pricing and rates due to heavy added supply from the Treasury and rising inflation expectations.
If you have any questions regarding home loan rates or products, give me a call. I’m always happy to help.
Source: Mortgage Market Guide
We are ready to help you find the best possible mortgage solution for your situation. Contact Sheila Siegel at Synergy Financial Group today.
