Last Week in Review: Rates touch 2019 highs this week
Despite bond friendly news with the unresolved US/China trade relations and the ongoing government shutdown, rates actually touched 2019 highs midweek...this as stocks continue to move higher.
Home loan rates have been on the rise ever since the last Jobs Report and Fed Speech back on Friday Jan 4th -- next week we are seeing another Jobs Report and Fed Meeting...more on those big events below.
The Housing market showed a surprising decline in Existing Home Sales in December. Despite the poor reading to finish the year, 2019 is setting up to be a good year. Historically low home rates, a slowing rate of home price increases along with the highest wage gains in a decade will see to that.
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