Brought to you by
,

Forecast for the week of March 21, 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 got worse

Mortgage rates continued to move higher last week, pressured by inflation and increasing bond yields. Although rising rates coincided with last week's Fed policy rate increase, the Fed doesn't directly control mortgage rates. Rates showed signs of stabilizing on Thursday and Friday, but couldn't hold.

This Week's Mortgage Rate Forecast:

Rates could creep higher

Mortgage rates are off to a poor start to the week, as markets prepare for the Fed to reduce its balance sheet and continue raising policy rates at future Fed meetings. Mortgage rates are directly tied to mortgage bonds, which lenders use to replenish funds to lend. As bond yields rise, so do mortgage rates. The likely best case scenario for this week would be rates remaining the same.

What's affecting rates this week:

• Economic data: It is a quiet week and there is no economic data that should affect rates this week.
• Ukraine/Russia: Although playing a role in rates, shouldn't cause any sudden moves in rates unless something major happens to end or escalate the war.
• Fed speakers: Various members of the Fed will be speaking this week, and could cause moves in mortgage rates as markets look for signs of when and how the Fed will begin reducing its balance sheet.

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: