What’s going on? Rates holding steady; big news on the horizon
The markets are more or less flat this week, keeping mortgage interest rates largely steady. While the Fed gave a few speeches this week, it has yet to result in much rate fluctuation.
In early December, we’ll get a labor report, and Black Friday sales reporting will be in mid-December. Holiday retails sales reporting are due in mid-January.
What does it mean? A rate hike could be near
December could see market movement in light of these economic signals. If results are are strong, it could signal the Fed to raise the federal fund rate as expected, possibly causing an increase in mortgage interest rates.
Why should you care? You might have one more item on your holiday list
If you’re considering a refinance, your window of opportunity could be narrowing. If you’re tempted to postpone until after the holiday season, you could be missing out.
Homebuyers, Winter could be your time to snap up the home of your dreams with dreamily low interest rates too.
Curious what your rate could be? Find out in just a few minutes through our easy online process.