I guess those who took advantage of lender's interest rate locks survived this rate hike.
One of my clients decided to bow out of the home search for a while when rates jumped.
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We are moving in the proper direction with interest rates. You should expect a Fed Rate Cut in November in my opinion. I doubt anything will be done before the National Election. If the political party not currently in office is placed into office, rates will drop effectively and quickly thereafter…again in my opinion.
With the latest inflation reports, it's no wonder why mortgage rates are so finicky lately and breaking the rules. Focus on what you can control! Buyers, explore loan options. In Fort Myers, FL? Let's strategize your next move!
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Trusted Realtor at eXp Realty | DRE# 01184948
3wI guess those who took advantage of lender's interest rate locks survived this rate hike. One of my clients decided to bow out of the home search for a while when rates jumped.