191911 Resource 178438 178984 178982 1197057763177 1197059892381 Controlled Flagstaff Mortgage Rates are up at the end of this week after lowest rates in 26 months on Tuesday.

Are the lowest rates of two years gone for good?

<em></em><p>After a sharp run-up in Bond prices, which helped home loan rates drop to multi-year lows, I felt a correction was due and it finally happened over the past 24 hours. </p><p>A large drop in Bond prices came following the Jobs Report, which was a bit better than expectations. Adding fuel to the fire was the closely watched Hourly Earnings number, which was above estimates and is the largest read in over two years. <strong>Bottom line:</strong> higher wages and a tight job market are both inflationary, hence the large drop in Bond prices this morning.</p><p>Until a solid floor of support is hit and the bond market&nbsp;stabilizes, I am going to continue to recommend locking your home loan rate now rather than hoping for lower rates anytime in the near future.</p> 10 application/xml false Flagstaff home loans Flagstaff mortgages Home Loan Rates Mortgage rates Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 75.160.24.218 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web