Weekly Rate Forecast Email 08.30.21

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Forecast for the week of August 30, 2021

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.

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Last Week's Mortgage Rate Recap:

Rates unchanged

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Average mortgage rates were basically unchanged last week, keeping rates near historic lows, despite the Fed signaling it would likely begin reducing the volume of bonds purchased monthly sometime before the end of the year.

This Week's Mortgage Rate Forecast:

Rates will remain low

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Average mortgage rates this week are unlikely to see much movement, as the summer effectively comes to a close for Labor Day weekend. It is unlikely we see rates move much lower from here in the coming weeks, but it is always a good idea to discuss your unique situation with your mortgage professional who can give you the best individual guidance on interest rates.

What's affecting rates this week:

  • Economic data: Nothing at the beginning of the week to worry about, but Friday's jobs data has the potential to cause some movement ahead of the holiday weekend. If locking your loan's rate this week, it may be best to consider doing so before Friday.
  • Fed stimulus: The Fed continues to buy Treasuries and mortgage bonds, helping keep mortgage rates low, although it will begin tapering purchases sometime before the end of the year which could contribute to rates creeping higher.
  • Holiday weekend: Markets and lenders will be closed Monday.

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:

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All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report. This is not an offer to lend.

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Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808

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