Mortgage rates are on the rise today.
This is due to the Fed’s announcement yesterday that they may be increasing their lending rate in 2023. Even though the Fed
lending rate has no direct impact on mortgage rates, an announcement like that still affects the mortgage rate market.
The Fed didn’t say when they may start to reduce their bond purchases, which would more directly affect mortgage rates.
Hopefully, it will be a small bump in the road and rates will rebound favorably.
That’s it for today!
Thanks for reading!
Brett
USDA is a 100% government insured loan. Low rates, and no down payment. However, there…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
In Texas we have some unusual rules when it comes to getting cash out of…
If you pay your property taxes apart from your mortgage payment, and you didn’t get…
If you purchased a home using your own cash, and now would like to pull…
Did you realize that when buying a house from an immediate family member – the…