If you’re in the market to purchase a home, what happens here with mortgage rates, which broke out late last year from a 30-year downtrend, might impact the timing of your purchase. Rates have been falling since the December Fed rate hike, but if support of the falling trend line holds, this would would signal higher rates ahead. If support breaks, we could very easily retest the prior lows, or perhaps head even lower, which would likely put a tailwind behind the entire real estate sector, both retail and commercial.
Charts made with Optuma Software
