Five-year bond yields closed at an 8-month high yesterday, just above short-term resistance levels. (Chart)
Today they’re moving even higher in advance of Friday’s trend-setting employment reports.
If tomorrow’s jobs numbers impress traders and yields continue up, the odds are good that deeply-discounted fixed mortgage rates will rise.
Alright! About time the market gets back to normal, so that saving means something and people can be more careful with debt.
Great up-to-date information. I’m recommending people look at getting “re” pre-approved if their mortgage pre-approval will be expiring in the next month. This will help extend the low fixed-rate that they currently have for another 4 months.