It's been a relatively calm week in the mortgage market. Both mortgage applications and refinances rose slightly (very slightly) as the average interest rate stayed below 6%. You can see that we had only a minor tick up in rate as compared to last week:
Who knows what will happen next though. Tomorrow morning a major inflation index will be released, and we may see some rather drastic movement as a result. The important thing to remember is that home values are continuing to rise, and purchasing is still a very good financial choice for most buyers.
As always, if I can be of service to you or your buyers in any way, please reach out. I would love to help your deals close successfully and give your buyers interest rates that are consistently lower than my competition's.
Have a wonderful 4th of July!
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