The Party Is Coming To An End!
After a long weekend, relative rates seem to be making their move even further north. The Ten-Year Treasury Note peaked over 1.83% at today’s open, highest it has been since the pandemic started.
Last week we saw some of the biggest industry rate hikes in a similar period since the beginning of the pandemic, at rates not seen as high since the middle of 2020. Where mortgage interest rates are headed is clear. How quickly is the question and whether or not there will be a dip we can take advantage of.
If you are considering refinancing or purchasing a property, no time to waste. Get documents in and lock a rate as soon as you can.
You can see more on how rates are trending HERE.