The Grinch is back as mortgage bonds have taken a beating the last couple of days sending mortgage interest rates higher. A lot of factors are contributing to this current uptick for interest rates. The big ones being inflation fears, a rising stock market, and the looming end of the Fed’s program to purchase mortgage backed securities. Rates are still phenomenal from a historical perspective, but have risen consistently since the record lows that we saw at the beginning of this month.
I do feel bad delivering all of this negativity during the holiday season. To make up for it, I included a link to a Christmas song that you might enjoy.
http://www.youtube.com/watch?v=aAGq1u5R9mw
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