There is a silver lining

Is there an upside to our global instability and a weak economic situation? For my industry, yes.

Mortgage rates have fallen to their lowest levels of 2011 - down 1/8 just this week.  With the bond soaring it is only a matter of time before they drop down another tick.  Current 30-year fixed rates are nearing 4.5% and 15-year rates are under 4%. 

History indicates that unexpected events - particularly  foreign terrorism threats -  have a largedeep impact on rates.  While these events may be bad for the stock market, they are great for the bond market and result in lower rates.  The silver lining.