Mortgage rates are pushing toward 7% at 6.83% on the 30-year while the Fed held its benchmark at 3.50% to 3.75% and the 30-year Treasury yield climbed to 5.3%. This week on On The Markets we explain why mortgage rates follow the long end of the curve and not the Fed funds rate and what doubled Treasury buybacks signal for bonds, borrowing costs and the $40 trillion debt backdrop.
This week Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir:
• Are mortgages basing to go higher? Or are they starting a distribution pattern and heading lower? Daren's got the charts and his take on the situation.
• Why rates likely won’t come down despite the 2nd best jobs report of the year.
• The impact rates have had on bonds, a traditional inflation hedge.
• If you listened to the headlines this week, you probably thought he market dipped, but in fact it didn't. Let's find out why.
Audio only on
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