Rates Rise

The Fed raised short term rates by 25 basis points today - this was expected, so nothing surprising there. However, what is interesting is that inflation was citied as a bigger threat than previously understood. That sent bonds prices down, and their yields went up - affecting interest rates for the worse your buying a home or wanting to re-financing the window is closing for you to really get a great rate.

It’s been a busy Monday for me, people seem to continue to be interested in getting a mortgage and so business has been good

Let me know if you have any questions on any refinance or purchases you’re thinking about. I’d be glad to give you a second opinion.

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