Written By: Brian T. Larrabee, Industry Speaker (MortgageSpeakersBureau.com) and founder of Estate of Mind, Inc. a Visual Guide to the Housing Market and other educational tools for the benefit of consumers, bankers and real estate professionals in addition to 29 years of experience as an investor, developer, builder, mortgage banker/broker, financial advisor. Email: Brian@EstateOfMindInc.com.
We've just witnessed either a massive, pre-emptive, wholesale sentiment shift in the bond and MBS markets or one heck of a dress rehearsal.
Have mortgage rates reached a new plateau from which they will not fall?
Or will the impending double-digit rates of unemployment keep inflation and interest rates at bay?
Many homeowners, who are waiting patiently for lower rates or an approval on their refinance before locking in, have recently been the recipients of some unsettling news. What will you tell them when they ask if there is still hope and how will you explain it to them? While you must speak to your audience in your own words, the following are a few fundamentals and analogies that you can share.
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