Market Volatility Should you be concerned about rates?
Expect mortgage rates to continue moving higher this year in Texas. A good economy = rising mortgage rates. As inflation picks up and the Fed continues to dial back its repurchasing of bonds, rates will continue to edge higher. Still, historically, rates are low (only 0.125% higher than 1 yr ago) and will continue to be lower than averages for a while. Home affordability is still strong, greater than 100. Credit has loosened up and home loans are not as hard to obtain as many people think.
If I can help you with any of your home financing needs, please reach out. My specialties are VA Home Loans and working with divorcing couples.
I am licensed in TX, OK, GA, FL, and NC.
My website is www.elizabethroseonline.com
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