Hello home buyers and happy weekend.
This is a weekly update to educate you on what is happening in the market, how that affects rates and how that affects you while you’re out shopping for homes.
Dense news week with Ben Bernanke was speaking to Congress and the Federal Reserve meeting. No Fed hike, but looking to may have an increase in June.
The jobs report looked well, 211,000 new jobs. Sometimes this affects the bond market. But there were some corrections from previous months that helped keep everything in alignment.
This week the focus will be on technical moves. We are currently below the Bianchi line. For conservative borrowers, this is a good place to lock in your rate.
Historically the DFW market averages 3%, but because we are in a hot market, you should be able to expect a 6% return. This is perfect for building wealth for your family.
Until next week, take care.