Mortgage rates continued to fluctuate this past week and should continue to move wildly along with the markets. Last week’s trading range placed the 30 year conforming fixed rate between 5.625% and 5.875%. We believe the long range outlook for the 30 year fixed rate to be 5.75%-6.25%, however, if inflation picks up we expect mortgage rates to move significantly higher.
Today’s home financing requires a mortgage professional able to secure a loan program, terms, and an interest rate that best suit your overall financial strategy and your current financial needs. Your mortgage professional should also account for the current, short-term, and long-term future economic outlook.
The David M. Damare’ Team is committed to securing your financial lifestyle using the latest market monitoring tools and mortgage lending strategies.
Rates available anytime upon request at 919.851.0999.
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