MARKET UPDATE - 6/27/2023
BOND MARKET UPDATE
Mortgage rates are directly tied to the bond market, specifically Mortgage Backed Securities. In order to know where rates are going, one has to understand how bonds are moving, as well as the economic data and financial reports that cause them to change.
​
As of 6/27 the market continues to chop sideways. At some point we will get great economic news that will increase rates, or the economic slowdown will start to impact bonds and rates will drop. The consensus holds that in the next 12-18 months we will have the economy slow down, which will slow inflation and rates should improve substantially.
CURRENT INTEREST RATES
Interest rates vary wildly, depending on things such as loan amount, program, property type, credit profile, points, loan type, etc... The rates listed below represent a basic market survey, is for informational purposes only and are not a quote. If you have questions about your own options or if you are a Realtor and have questions about a property or client who you are working with - reach out to us and we can answer any questions you have and run any scenarios you need.
