- June 26, 2021
- Posted by: Stratford Team
- Category: Business
Table of Contents
Today’s mortgage rates: June 26, 2021
Conventional rates from Money.com; government-backed rates from RedVentures.
Today’s refinance rates: June 26, 2021
Conventional rates from Money.com; government-backed rates from RedVentures.
Is it a good time to buy a house?
There’s a decent chance mortgage rates will start to increase later this summer or in the fall. There are several economic factors behind this potential increase, mainly inflation and the Federal Reserve’s statement that it plans to boost the federal funds rate aggressively in the next couple of years.
Because rates could go up soon, you may want to lock in a low rate soon while you can.
However, the housing market in the US is ridiculous right now. Houses are expensive, including starter homes and fixer-uppers. Homes are selling quickly, so you may have to make a fast decision about one of the biggest purchases of your life just to buy a place before someone…