The pending mortgage rate increase is becoming a foregone conclusion. If you have an ARM mortgage or would like to lock your mortgage rate in below 6% for any other reason contact us now in the sidebar. Rates will likely be above 6% again soon so the window of opportunity to refinance is closing.
Here is an excerpt from a recent Reuters article:
U.S. home loan rates could rise by as much as three-quarters of a percentage point in the spring as the Federal Reserve ends its mortgage bonds purchase program, a top Fed policymaker said in an interview published on Saturday.