Happily, I refinanced my residence mortgage whereas Trump was nonetheless President. When Biden was put in as President, the 30-year mortgage fee was 2.88% (in accordance with Bankrate). It has now risen to five.25%.
The Federal Reserve is now anticipated to boost their goal fee as a lot as 50 foundation factors on the subsequent assembly on Could 4, 2022. This chart reveals the anticipated fee hikes coming our method, peaking in summer season 2023.
Fed Funds Futures are pricing in a 50 bps rise on the Could assembly.
The excellent news is that the US Treasury actives curve is upward sloping, however is displaying fatigue within the ahead charges between 7Y and 10Y.
On the laborious asset entrance, treasured metals are up over 1% with silver and platinum main the best way.
