Tucson AZ Home Loan Info

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PIMCO Betting Against US Treasuries. Interest Rates Are Going Up.

When PIMCO bets against US Treasuries, you can bet that interest rates are headed up.

The headline this morning on Bloomberg reads: "Pimco Total Return Cuts Government-Related to Negative, Boosts Cash Assets."  PIMCO is the most successful bond trading company in the US.  I check Bill Gross's opinion on the bond market daily (when I'm not in Oklahoma working cows.") 

Fixed rate assets like Certificates of Deposit will benefit, but mortgage rates will not.  Mortgages are set to rise, as they have been doing for the past three weeks.

Even so, astute REALTORS and Mortgage Originators will do well if we keep our finger on the pulse of the market and communicate regularly with our clients.  There is opportunity in ANY market.

_____________________

I'm Mike in Tucson, your preferred Tucson Arizona Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE llc ~ Correspondent Mortgage Bank
Offices (AZ) Mesa, Tucson, Sierra Vista, and Nogales.

Comment balloon 5 commentsMike Jones • April 12 2011 09:22AM

Comments

Mike - Thanks for the heads up - I will warn my fence-sitters!

Posted by Cara Marcelle Mancuso, Call a Marana neighbor, I'm THERE! LONG REALTY (Long Realty - Dove Mountain, Marana AZ) about 8 years ago

Cara,

Thanks for being the first to comment!

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) about 8 years ago

Well, we have been saying interest rates will be increasing and it is time to buy; this will only get more people back into purchasing mode! Thanks for the information!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) about 8 years ago

Communication and knowing thy numbers will only increase business in real estate.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) about 8 years ago

Mike, that's just ducky. More good news for our industry.

I may be able to use this to speed up a couple of my buyers.

Thanks for the heads up.

Posted by Jon Quist, Tucson's BUYERS ONLY Realtor since 1996 (REALTY EXECUTIVES TUCSON ELITE) about 8 years ago

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