04/11/2024
I appreciate everyone is worried about current mortgage rates and what direction interest rates are going to move. While consensus is rates will come down, no one really knows. USA inflation numbers came out recently and it suggests USA will not be lowering their mortgage rates anytime soon. This caused quite a move in bond market rates in the wrong direction as it relates to mortgage rates. Today, one of our Lenders suggest they may increase their rates. They haven't yet, but it is a possibility. Please feel free to reach out if you wish to discuss your personal situation. Thanks.