The last three weeks have been quite a roller coaster in many ways. As it relates to the mortgage industry, we have seen massive volatility with rates over these last three weeks.
So what's ahead? We could have a fast recovery when this is all over, we just don’t know how long that’s going to be, but housing should help with that recovery.
Remember that our economy was booming just last month – the stock market was at all-time high, income and wages were up, home appreciation was up, unemployment was way down, and the US dollar was strong.
With the Fed stepping up and the government getting involved we can hope some predictability will return to the market and the more they help the better we should all come out of this together in the end.
For more information from an expert you can trust, contact Chris Hutchens of Guaranteed Rate.