Inflation Data Could Push Mortgage Rates Higher | Market Outlook 2.12.18

After the worst week for US stocks in two years, all of the major market indexes are starting off on a positive note this week However, last week's inflation concerns are far from over

There's a lot of pressure on this week's Consumer Prices Index reading, which gets released on Wednesday If that reading has inflation above expectations, we'll almost certainly see stocks fall again and Treasury and mortgage yields spike This would mean 6 straight weeks of increases for mortgage rates As we saw in last Thursday's Freddie Mac Primary Mortgage Market Survey, the average rate on a 30-year fixed rate mortgage has increased 33 basis points since the start of the year Given that mortgage rates are poised to rise this week, we think the prudent decision is to lock in a rate on a purchase or refinance sooner, rather than later

It only takes a few minutes online, or a quick call to a mortgage specialist to get started Visit totalmortgagecom for a personalized rate quote or for more information on current mortgage rates Thanks for watching Be sure to like this video and subscribe to our channel for the most up-to-date market outlook from Total Mortgage

Source: Youtube

Inflation Data Could Push Mortgage Rates Higher | Market Outlook 2.12.18

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