With inflation over 7% and the Federal Reserve stating that they are planning 4 rate hikes instead of 3 this year, the Treasuries are moving. The 2 Year Treasury is over 1% for the first time in 2 years and the 10 Year Treasury surpassed 1.9% prior to this morning’s NYSE open.

Rates have been rising faster than any other time since the pandemic began. If you are thinking about refinancing or purchasing a property, now is the time to be prepared. Rates today opened up across the board, most rates highest we have seen since COVID hit.

If you are considering a refinance or purchase get your documents in and get a rate locked soon. It is not certain where rates will stabilize but it seems nowhere near done rising. Contact us today!