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
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…