The Senate recently passed a budget resolution which will greenlight the $1.9 Trillion Dollar relief package. This means that more Treasuries will need to be issued to pay for this package. The additional supply of Treasuries in the marketplace can cause rates to move a little higher. If you have been thinking about refinancing or […]
Fed Rate Cut Does Not Equal Lower Mortgage Rates
You’ve probably heard that the Federal Reserve, also known as the Fed, cut interest rates to zero on the Fed funds rate. There’s a common misconception that the Fed rate matches mortgage rates. Although the Fed rate was dropped to zero, this unfortunately does not mean that mortgage rates are also zero. A Fed rate […]
Why Mortgage Rates Will Likely Rise in 2017
You’ve probably heard from multiple industry sources that mortgage rates will likely rise in 2017. There are several reasons why this is expected to occur: The Market Has Strengthened Interest rates were kept low for many years because of the declining market. Low rates were intended to help boost a troubled economy. The real estate market has […]