Rates adjust to new Administration

“After months of barely budging, mortgage rates rose significantly in early January at their strongest pace since the spring,” said Matthew Speakman, a Zillow economist. “But that upward momentum has since dissipated, and it appears that fears of an extended, more substantial spike in rates have diminished — at least for now.” 

For the moment, according to The Washington Post, the mortgage market appears to be in a holding pattern, watching to see what President Biden’s administration does.

Continue reading Rates adjust to new Administration at Movement Mortgage Blog.

“After months of barely budging, mortgage rates rose significantly in early January at their strongest pace since the spring,” said Matthew Speakman, a Zillow economist. “But that upward momentum has since dissipated, and it appears that fears of an extended, more substantial spike in rates have diminished — at least for now.” 
For the moment, according to The Washington Post, the mortgage market appears to be in a holding pattern, watching to see what President Biden’s administration does.
Continue reading Rates adjust to new Administration at Movement Mortgage Blog.Movement Mortgage Blog