This is a YouTube video titled "Headlines Move Mortgage Rates" containing a monologue or presentation discussing recent economic events including a high inflation report and geopolitical tensions involving Russia and Ukraine, and their impact on mortgage rates and investment strategies. The speaker explains how these factors influence market behavior and mortgage rate fluctuations as of February 2022.
Last Thursday's inflation report, we made sure all of our clients were locked in and protected in advance because we had good reason to believe that the inflation report would have been super high. It did. It was the highest in 40 years, and mortgage rates instantly went higher. Our clients were protected before that, though. Then on Friday, there was news that broke that Russia might invade Ukraine. Whenever that happens, the average investor sells out of stocks and cryptos, the risky investments parks the money into bonds, a safer investment during wartime. So when bonds are strong, mortgage rates are really good or low. But the jury's kind of been out because there hasn't been anything developing since then. So we're going to keep a close eye on that for the next round of blocks this week. If Russia does invade, we'll wait, let rates get better.
