July 20, 2023 – Rate Commentary

• July 20, 2023
• realestate
• Business & Markets, Fed, Interest Rates, Politics & Economy, Rates, Real Estate, Real Estate Finance, Recession, World News, Your Real Estate Life

Rate sheets taking a hit this morning as bonds opened much weaker on the day. An unexpected turn, as bonds lost a lot of ground in overnight trading but are now finding a bottom. This isn’t anything to panic about, but does put a damper on the morning. Reprice risk on the day is low though, it isn’t likely we see this turn into more of a sell off than we already got. We will likely see bonds recover a bit through the day, and improve tomorrow or early next week. I wouldn’t panic lock anything yet.