These are very complicated times in the world, and I believe we should all be safe and healthy during this coronavirus situation.We should all follow CDC guidelines to help flatten the curve of the
Mar 19 2020 11325 1
“Mortgage rates rose again this week as lenders increased prices to help manage skyrocketing refinance demand,” said Sam Khater, Freddie Mac’s chief economist, in the report.
Those aiming to get a new mortgage — either to refinance their existing home loan or to purchase a mortgage — shouldn’t worry too much about interest rates staying this elevated. Economists have said lenders will likely bring rates back down to an extent once they’ve worked through their backlog of applications. And with the coronavirus outbreak still playing out, market volatility is likely here to stay for some time.
“With so much still uncertain, and market movements remaining unpredictable, it’s a losing game to try and predict where rates are heading next,” Speakman said. “But it’s safe to say that more dramatic movements are likely on the horizon.
Addie Reese-Miles is dedicated to providing outstanding and personalized service to you in buying and selling residential properties in the greater Sacramento and Bay areas. Addie has over 5 years of....
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