Brought to you by
,

Forecast for the week of January 10, 2022

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage in securing low rates and payments.

It is never our intention to send you spam.

If you don't want to receive future emails like this one, please
CLICK HERE TO UNSUBSCRIBE

Last Week's Mortgage Rate Recap:

Rates moved higher

Mortgage rates moved higher last week, in one of the bigger moves we've seen for rates in quite awhile and much faster than expected. This was due to investors returning from the end of year holidays to renewed inflation concerns and expectations that the Fed may raise rates sooner due to comments in last month's Fed meeting minutes.

This Week's Mortgage Rate Forecast:

Rates could move higher

Average mortgage rates could unfortunately continue to worsen this week, as investors try to stay ahead of the coming Fed rate increases and react to data showing inflation is still a problem. Although rates are moving higher, they remain near historic lows and it is still a great time to buy a home or consider refinancing for many homeowners.

What's affecting rates this week:

• Economic data: Consumer and wholesale inflation data this week could contribute to rates creeping higher. Treasury auctions could also cause some rate movement this week, depending on investor demand.
• The Fed: Speculation the Fed may raise policy rates as soon as March's meeting, and comments in last month's meeting minutes that the Fed will take steps to reduce balance sheet holdings could pressure rates higher this week.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by: