A quite day for interest rate markets

Not much worth talking about today.

The story has not changed, the rate markets are comfortable in their current ranges. Even with the economic outlook expected to improve and about everyone expecting higher rates by the end of the year, interest rates are not feeling any pressure. Partly on safety moves based on the Russia situation. The US pushing for strong sanctions while Europe not so enthusiastic; The impact of increasing sanctions against Russia will harm Europe much more seriously than the US. Technicals still reading neutral. 

Basically if you need to lock because your loan is about to close I would pull the trigger, but I believe there is still more reason for rates to increase than decrease. Are you willing to roll the dice?

Tomorrow is the ever subjective jobs report so stay focused as we could see some big changes come tomorrow. Follow this BLOG for all your Real Estate and Mortgage Interest Rate news related to Texas including Houston, Austin, San Antonio, & Dallas.