Mortgage Rates
Just as it was predicted, improving economic conditions brought upward pressure to mortgage rates last week. According to manyn experts, even though would-be refinancers haven’t welcomed the higher rates, the upward pressure may actually help the economy.
“Investor money formerly stuffed into the safe haven of Treasury bonds is beginning to filter out into other areas of the economy, and the sooner that normalization takes place, the quicker the economy will experience actual recovery.”
“Investor money formerly stuffed into the safe haven of Treasury bonds is beginning to filter out into other areas of the economy, and the sooner that normalization takes place, the quicker the economy will experience actual recovery.”
With this going on, it is likely that rates may inch higher. This is the time for first time home buyers and apartment dwellers to look at their first home purchase. Tink carefully before you decide to wait.
Exceeding your Expectations
Belita
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