I hate to say that I told you so, but I TOLD YOU SO!
In my market updates last week, I indicated that mortgage interest rates were not going to go any lower and would probably go higher. Well, guess what? Mortgage interest rates have gone up every day this week. This is especially true today following the much-better-than-expected Jobs Report which showed that our economy only lost 11,000 jobs last month. (I say “only” because the expectation was that the loss would be about 125,000)
By the way, I do know that I have hinted at rates going up for the past couple of months. Since I was wrong for those two months, I just wanted to make sure that I pointed out my first correct prediction since Columbus Day.
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