Foothill Trails, Morning Coffee, and Why Oil Prices Ended Up in This Conversation
Clear mornings out here hit different, whether you're hiking to Etiwanda Falls or catching the mountain view along the Pacific Electric Trail. But while you're enjoying the weekend, two stories are quietly moving mortgage rates: Saudi Arabia's East-West pipeline coming back online, and the 10-year Treasury pressing right up against the 5% ceiling.
Why Now Might Be the Time to "Lock In" Your Mortgage Rate
Mortgage bonds are hitting a wall after a 'hotter than expected' PPI report. With Treasury yields bouncing higher and the Fed meeting on the horizon, the window for lower rates may be closing. Here is the technical breakdown of why I am recommending a 'Locking Bias' for my clients right now.