Big economic reports on the Friday before a long holiday weekend can produce epic violence in the bond market, but not last week. Long-term rates are entering a third-straight month in the same narrow trench, the 10-year T-note 1.50 percent-1.60 percent, mortgages still close to 3.50 percent.
- Employment and manufacturing reports are stalled or falling.
- The global trade war is going from simmer to slow-rolling boil.
Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018