Mortgage rates spike, but there’s no reason to panic

Now that things are starting to look brighter, rates are rising to places they haven’t been in months. They’re being pushed up by optimism over vaccinations and the relief bill working its way through Congress – and by fears that an improving economy will spark inflation.

Zillow economist Matthew Speakman warns that “the days of all-time low rates may be a thing of the past.” But he’s also giving borrowers a reality check, reminding them that “mortgage rates remain very low by historical standards.” That means buyers can still get an excellent deal on loan for a new home, or on a refinance that will shrink monthly payments. 

Continue reading Mortgage rates spike, but there’s no reason to panic at Movement Mortgage Blog.

Now that things are starting to look brighter, rates are rising to places they haven’t been in months. They’re being pushed up by optimism over vaccinations and the relief bill working its way through Congress – and by fears that an improving economy will spark inflation.
Zillow economist Matthew Speakman warns that “the days of all-time low rates may be a thing of the past.” But he’s also giving borrowers a reality check, reminding them that “mortgage rates remain very low by historical standards.” That means buyers can still get an excellent deal on loan for a new home, or on a refinance that will shrink monthly payments. 
Continue reading Mortgage rates spike, but there’s no reason to panic at Movement Mortgage Blog.Movement Mortgage Blog