Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

Mortgage Rates Catch a Break, But Will It Last?

By now, it’s no mystery that mortgage rates are significantly higher than they were last week.  The bigger mystery had to do with what comes next.  In some ways, the recent jump in rates could be viewed as a warning sign about more trouble ahead.  At the very least, it proved that the market was willing to react to various inputs in logical ways.  Last week’s chief example was the strong jobs report which did more than anything to accelerate the move higher in rates.

Through a different lens, we could simply say the market was reacting to the inputs that were available at the time, and that it will continue to do so. That’s a fairly vague assertion, so let’s clarify.  

The key inputs are interdependent to some extent.  It’s very easy to pin rate momentum on changes in bond buying policies from the Federal Reserve.  But the Fed’s decisions on that front will depend on a combination of economic data, inflation expectations, and risks to the outlook.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates

#fidelityhomegroup, #homebuyerexperts, #mortgagerates #mortgagenews # mortgage, bond markets, Interest Rates, mortgage rates

   


Copyright © 2022 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Fidelity Home Group is a Mortgage Corporation serving the state of Florida. Not intended for legal or financial advice, consult your own professionals if such advice is sought. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties in the state of New York will be accepted through this site. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  File a Complaint Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use