Mortgage Rates: High Risk Event Ahead

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Posted To: Mortgage Rate Watch

There's really no reason to overcomplicate things at this point. There is a TON of economic data coming out tomorrow, all throughout the day. Then on Friday, it's the most important economic report of the month prints, The Employment Situation. All this action is arriving at a point where a tight mortgage rates range has just about been worn out. Mortgage rates are long overdue a directional move. That means that if rates move higher, it could be a long time before you'd have access to the same rates again. If that scares you, then do something about it before Friday morning. If that doesn't scare you, but you can't or don't want to afford the risk of higher rates, same recommendation applies. And if you're flexible, or not even necessarily in need of a new mortgage, or if you have a crystal...(read more)

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Source: www.mortgagenewsdaily.com

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