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In Mortgage Record No Form

In Mortgage Record No Form

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after the Fed rate cuts a couple of weeks ago people are getting all excited thinking mortgage rates were going to go down and that was actually true for a brief minute in time when they bottomed out mid-september around 6.1% but why are they going back up the major reason is a better than expected September job report which reduces recessionary pressure and also takes some pressure off the FED to lower rates again the second reason is the federal debt which the US has a whole lot of and ing to a recent nonpartisan study regardless of who wins the presidential election we're probably going to get even more debt which points to interest rates staying higher for longer so I know this is not the news that most people in real estate want to hear at the risk of sounding like a broken record don't count on any significant Improvement in mortgage rates over the next few months instead we're going to see a lot of volatility and if you want to be in the market right now

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