We believe the long range outlook for the 30 year fixed rate to be *5.875%-6.5%. We expect continued daily volatility within this range for the near term.
Now that inflation is present, we agree with fellow mortgage experts and many economists that should the Fed raise short term interest rates this would in turn strenthen the dollar, reduce inflation, lower oil prices and lower mortgage interest rates.
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.
Thank you for the opportunity to serve you.
*Rates include a 1% origination fee. Terms and conditions apply.