Massive sell-off in everything today, but is there a silver lining?
Everything sold off today, just one day after the FED raised rates by 50bps and literally everything went up. Feels like a push overall but could it be a good sign actually. Is everything bad already priced in? Have we seen the worst of it yet? Perhaps not, but maybe we're not far off from there. People seem quite fearful and you know what we're supposed to be when we see that right? Hope this helps. Links below!
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Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
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VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today
LINKS:
https://www.cnbc.com/2022/05/05/investing-club-were-not-panicking-cramer-sees-inflation-peaking-looks-for-stock-buys.html
https://www.cnbc.com/2022/05/05/despite-the-feds-big-rate-hike-most-banks-wont-pay-much-in-interest.html
https://fred.stlouisfed.org/series/MORTGAGE30US
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