What's Happening with Mortgage Rates?
Inflation is currently down. Does this mean it's time to make a move?
The October Consumer Price Index (CPI) showed U.S. prices were unchanged from September to October. Mortgage interest rates immediately fell with the news.
What does lower inflation mean moving forward?
-
Many market analysts are projecting the Federal Reserve Board may be done raising rates. However, that doesn't mean rate cuts will come anytime soon.
-
The annual inflation rate was 3.2% in October, still above the Fed target of 2%.
-
It's likely markets will remain volatile as investors try to anticipate the Fed's next moves.
Seize The Moment of Lower Rates
-
Many of our clients are already taking the opportunity to 𝙡𝙤𝙘𝙠 𝙞𝙣 𝙖 𝙧𝙖𝙩𝙚 on a purchase or refi before any alternative news drives rates back up again.
-
If you've been waiting to purchase, refinance, or access cash from your home's equity, it's a good time to take a closer look and we can help!
Please reach out with your questions. We are happy to help you navigate the current market!