SD Capital Funding’s back with another market update!
We had all thought we achieved world peace when President Trump agreed to amicably meet the leader of North Korea. So much for that!! As news of Trump pulling out of the North Korea Summit Meeting hit the wire, the bond market had its best day in over 2 weeks! Less than a week after interest rates hit a 7-year high, rates retreated to more modest levels. Although real estate markets are considered hyper-local, realtors and industry thought leaders across the nation are experiencing the same old story: the inventory of homes for sale remains historically low; demand is steadily increasing; and of course home prices are going up!
The week ended with the Fannie Mae 30-year fixed rate at 4.56%
Did you know that the flag is supposed to be flown at half-mast until noon, and then raised to full mast until sunset on Memorial Day?
That’s our market update, we’ll be back in two weeks. Have a great memorial day weekend!