Interest Rate trends

The US federal reserve has announced that there should be no increases in rates the rest of 2019. This has put the bond rates into a downward trend. That is the reason that 5 year fixed mortgage rates are dropping again. This is good news for mortgage clients that have their terms coming due or new property purchasers too. If you think about it it makes the governments stress-test kind of redundant also. I sure hope they are listening!!

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