Recent Real estate trends

Dated: 11/28/2017

Views: 78

Investor confidence soared after the 2016 election of Donald J. Trump, sending the U.S. stock market on a tear that would last a full year.

It also made housing more expensive. That is because when the stock market rallies, the bond market usually sells off, and bond yields rise. Mortgage rates loosely follow the yield on the 10-year Treasury.

The average rate on the popular 30-year fixed mortgage hovered around 3.5 percent in the fall of 2016 and then shot up to as high as 4.3 percent immediately after the election, according to Freddie Mac. It stayed above 4 percent for the first half of the year and is currently just below that now.

 

The jump in mortgage rates, however, didn't immediately dampen consumer or builder confidence, which are both key to the housing market.


Blog author image

John Robinson

Hi.

Experienced R....

Latest Blog Posts

Another Test Post

Testing agent.

Read More

Test Post

Testing the agent bio on the blog. Does it support?

Read More

CJ Domain blog post

asdasd

Read More

Homebuilders are extremely confident

"Demand for housing is increasing at a consistent pace, driven by job and economic growth, rising homeownership rates and limited housing inventory," said NAHB Chief Economist Robert Dietz. "With

Read More