The market LOVES this because it means that the easy money will stay in the market for awhile. But that is also the rub. Today the market is relieved that the Fed will stay in the market. That is a short term response. Soon, tomorrow, next week, maybe a bit later, but soon enough bond traders and other market participants will start to feel the uncertainty in WHEN the Fed will exit.
If you were thinking of refinancing and got bounced because rates went up to high, your window of opportunity is now open again. However, it’s shutting again soon. So act fast. Call me right away or click the get a rate quote button on this page e and get moving on this. Get it done. Thank me later. You will kick yourself if you don’t.
