Recent inflation data reflecting rising energy prices and the Fed’s announcement regarding an improving economy coupled to put upward pressure on bond yields. Freddie Mac’s vice president and chief economist, Frank Northaft, noted “An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week and mortgage rates followed.” 30-year & 15-year fixed-rates averaged 3.92% and 3.16%, both with an average increase of .8 points.
As the economy gains momentum mortgage rates may continue to experience upward movement.
Rates are still low historically but we may have left the bottom of the housing market and all time low interest rates behind. It's still a great time to buy or refinance your home. Inventory is low.
Don’t delay! Contact me today regarding that new home purchase or existing mortgage refinance.
Call Spencer at 415-690-0194
North Bay Realty & Loan
Find your best loan
HPInvestments
.
As the economy gains momentum mortgage rates may continue to experience upward movement.
Rates are still low historically but we may have left the bottom of the housing market and all time low interest rates behind. It's still a great time to buy or refinance your home. Inventory is low.
Don’t delay! Contact me today regarding that new home purchase or existing mortgage refinance.
Call Spencer at 415-690-0194
North Bay Realty & Loan
Find your best loan
HPInvestments
.
No comments:
Post a Comment