Mortgage Rates Are Up!
Hi, I’m Matt Padgett with Keystone Mortgage.
Since the election a couple of weeks ago, we have seen mortgage rates inquiries somewhat substantially. This is to be expected anytime we have uncertainty. We also have the federal reserve coming out from their December meeting and people are thinking that they will also increase the fed funds rate which will in turn affect mortgage rates as well. Long term meaning in the next year or so rates are definitely going to be up. We’re really not sure how much they are still low from a historical standard. So, now there is definitely still the time to buy or refinance!
Give us a call, we can talk more details 865.909.0211