Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Good Evening,

Inflationary concerns were brought up in today’s Beige Book, but it states that there is not enough information to make any drastic moves. Analysts are saying that higher mortgage costs and interest rates should continue to be implemented to help alleviate the pressures of inflation. This is bad news for the bond markets, but the hint that there is not enough information could delay the inevitable rise in mortgage interest rates.

Tomorrow, June’s Existing Home Sales will be posted in the morning along with the 10-year Treasury Note Auction. We could see more volatility tomorrow and I will be following the market closely for you.

Please e-mail me at Savvas@drippinc.com with any home equity or remortgage questions or to be added to our mailing list.

Should I lock if I’m closing within:
- 15 days? NO
- 30 days? NO
- 45 days? NO
- 60 days? NO