My friend Matt Graham has realtime rate coverage down cold, and here’s his weekly recap. In short, rates are holding pretty low despite recent inflation scares. Never any guarantee it stays like this, but it’s nice when the market moderates a bit.
This gives refinancers a reprieve so if you were on the fence or feel like you missed your window, you can still get a great deal on a refi.
For homebuyers, rates staying low is more complex. Of course low rates are good news for your budget, but persistent low rates also fuel bidding wars that have dominated most markets across America.
Good luck out there, and let me know if you have any questions.
In the past 2 weeks, there’s been big news about inflation and seemingly big news about Fed policy. Both are threats to low interest rates, but not just yet, apparently. And not (yet) as severe as 2013 rate spike activity.
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