Rates rise again, but volatility remains a constant
Even as competition and inventory constraints loosen things up a bit, rising rates have kept affordability a challenge for buyers. We’ve seen significant volatility recently, not just in the wake of a much-expected rate hike from the Federal Reserve, but from world economic events like those surrounding the central bank of the United Kingdom. While rates are up on the whole, we should still expect day-to-day swings and drops while the market tries to find its footing.
Wherever you are in the market right now, be it looking for a home amid reduced competition or preparing for a future home search, Morty is here to help. We know how intimidating the process can feel, and we’re ready to help you navigate both the market and your loan options. Create an account to explore what we can do for you.
– Robert Heck, Vice President of Mortgage @ Morty
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