Let's Talk Rates
- According to Bankrate, "Given a recent shift in the economic outlook, mortgage experts say there’s little relief in sight. With inflation still running hot and the political showdown over the debt ceiling intensifying, mortgage rates are unlikely to fall sharply this month. "
- “We can expect to see more of the same: Mortgage rates will continue to remain stagnant at levels above 7 percent,” says Glenn Brunker, president of Ally Home. “We will see little shift until the Federal Reserve signals a pause to further rate hikes.”
- The rates posted here are averaged of the market-- you will be quoted higher or lower or that exact rate depending upon certain factors, and the rate may change daily even at the same lender.