Why Mortgage Rates Are Rising Again After Today’s Inflation Report
Today’s inflation report showed that prices across the economy are still rising faster than the Fede

Today’s inflation report showed that prices across the economy are still rising faster than the Fede

There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Fed’s short term interest rate to 5% in their meeting on Wednesday. One thing that is not receiving much attention in all of this is how these steady increases are effecting the bond market, and an inversion in that market has caused a change in mortgage interest rates that hasn’t been seen in over 20 years.

Who doesn’t want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove profitable. Despite the reported increase of previously low mortgage rates, rates today are still low enough to consider a mortgage refinance for your home. The Internet provides you with ...

Whether you are a first time home buyer, or you have been purchasing real estate for years, one of your main goals other than finding the perfect piece of property is to make sure that your mortgage rate is as low as possible. Anyone who has had to navigate the tricky waters of the mortgage markets knows that rates can vary day by day and knowing when to lock in the rate can save you thousands over the life of the loan.
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