Brought to you by
,

Forecast for the week of March 7, 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 slightly better

Average mortgage rates improved last week, but only by a small margin, as the war in Ukraine pushed investors to seek safety in bonds. Stronger sanctions against Russia early in the week helped rates improve before losing some ground Wednesday and Thursday. Friday's Russian attack of a Ukrainian nuclear power plant helped rates to improve again despite stronger than expected jobs data.

This Week's Mortgage Rate Forecast:

Rates likely to be volatile

Mortgage rates are likely to be volatile this week, with rates being slightly better or worse depending on global market reactions to developments in Ukraine. While rates may move slightly day-to-day, we shouldn't see any big moves higher or lower unless something major happens Ukraine. The Fed meets next week, and is likely to raise policy rates by a quarter percent. Surging oil prices driving up gas costs, along with sanctions against Russia could push inflation higher, hurting mortgage rates.

What's affecting rates this week:

• Economic data: Thursday's inflation data could affect rates, otherwise a quiet week.
• Russia/Ukraine: Both geopolitical events as well as concerns about sanctions and rising oil prices are the biggest factor for mortgage rates 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: