Some thoughts on mortgage rates going forward…
The Fed finally hiked on December 16th, but there was no immediate reaction in mortgage rates.
Some experts think that an economic contraction might not be too far away. Others are concerned about a lack of inflation (which is good for longer term rates like mortgages).
Bottom line: the Fed rate hike has not been the death knell for low mortgage rates that many feared it would be, although the near term range is uncertain and rates could be more volatile than normal as we wait for a new trend to emerge.
That’s it for today!
Have a good day today! …and thanks for reading.