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Stocks get smashed and it didn't help mortgage rates
The stock sell-off I promised you is here. I'm old enough to remember when Amazon being up 20% in a single day would have moved the whole market. Not today! The Fed giveth and the Fed taketh away. Expect more volatility in the days to come. Mortgage rates held on to the range we're in, but just barely. If we can stay here we'll be ok, but the situation is fragile. The time to get locked is now. If you don't know much about Bitcoin or why people like me are so excited for it, check out the links below!
If you know someone looking to BUY a home in San Diego, Refinance or SELL a home in San Diego, tell them to give me a shout! I’ll make you look good! :)
Derrick Evens, VA Loan Specialist, NMLS 155010
[email protected]
LINKS:
https://www.cnbc.com/2022/02/02/borrowers-rush-to-get-the-last-of-the-low-mortgage-rates.html
https://www.cnbc.com/2022/02/03/facebook-shares-plummet-22percent-after-reporting-weak-guidance.html
https://www.cnbc.com/2022/02/02/meta-reality-labs-reports-10-billion-loss.html
https://www.cnbc.com/2022/02/02/ukraine-warns-of-full-scale-war-and-tragedy-in-europe-if-russia-attacks.html
https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf
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