Rates increasing can rock the boat significantly and make all parties involved nervous but the good news is it was a small move and last Dec the small increase then fell back again. Just something to keep in mind and maybe consider starting that refi!
Mortgage rates took their biggest leap in two months on Friday, thanks to a sell-off in the U.S. bond market. It was only an eighth of a percentage point move...
But even if the Federal Reserve raises its funds rate this month, mortgage rates may not move much higher. After the central bank made its first increase last December, mortgage rates moved up briefly, but then fell again.
No comments:
Post a Comment