Bond market update
I wanted to give you a brief update on the bond market action for the past few days. As I discussed in the Wednesday morning meeting, the bond market seemed to be showing signs of selling capitulation and, with help from benign PPI and CPI numbers Thursday and Friday respectively, I was looking for the buyers in the bond market to return and pricing to start improving. Fortunately, that is exactly what we are seeing so far and the highs that rates hit on Wednesday morning appear to be the upper boundaries of rates at this point.We are seeing lenders starting to reprice today for the better already and with continued follow-through, I would expect to see better pricing next week as well. Please call me or come by if you want any further information!
- Stacey Fleece
Senior Loan Consultant
Princeton Capital
415.229.1228
StaceyFleece@princetoncap.com
posted by SFResidence.com @ 3:07 PM
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