Have you ever wondered how the Dow 20,000 will affect your mortgage rates in the Auburn – Opelika are? Mortgage rates are guided by the bond market and demand for mortgage-backed securities, particularly in the short term. The 10-year Treasury often trends with mortgage rates. And again, particularly in the short term, stocks and bonds move in different directions. When stocks move higher, bonds generally sink lower. Lower prices on bonds result in higher yields, and those higher yields push mortgage rates up as well.
For all of your real estate needs in the Auburn-Opelika area please contact me at (334) 332-7263 or email me at LauraSellers01@Gmail.com or visit my website. I look forward to helping you buy the home of your dreams or sell your existing home. Search for Auburn homes for sale or Search for Opelika homes for sale here.