Consumers are aware that interest rates are increasing, but very few understand how costly these seemingly small increases can be over the life of a 30-year mortgage. If you are reluctant to buy now, you need to rethink your position. The experts believe that interest rates will increase by another quarter point before the end of 2018 and that another three rate hikes will follow in 2019. Continue Reading
Mortgage market analysis for the last week of February.
Note: Since the publication of this report, the stock market is down significantly, most recently on the Trump announcement of tariffs. During a light last week of Februrary for economic data, investors were mostly focused on the Fed minutes.There were few surprises in the minutes or in the data, and mortgage rates ended last week with little change. The Fed Minutes: The minutes from the Continue Reading