By |Published On: March 17, 2023|Categories: News|
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Today, mortgage rates have taken a downward slope which can be traced back to the Fed announcement from the previous week. The current rate allows lenders to get prices that are similar to July rates. Honestly, today’s rate might even be much better. 

Since it’s about mortgages, many other factors can influence the difference. These include credit, down payment, purchase, and more. Nonetheless, today’s rate might be the lowest so far since the February figure regardless of rates stabilizing around the “high 2’s” for a while now. Although most people would have assumed that the current mortgage rate would be better than those we saw in January, the reverse is the case here.

Due to the COVID pandemic and spike in market prices, many sectors still have economic uncertainties. Although 2021 has seen many improvements from the damage the pandemic caused, there’s still more potential in the market.

A fair argument can be a market prediction that expected much higher rates but was melted with COVID reports. Also, economic data can influence the Fed on the next policy worth chasing; this has an impact on mortgage rates. This week comes with various reports which can create opportunities or even pose risks to people. These big reports on ADP employment, ISM Non- manufacturing, and the official government jobs report can tilt the mortgage market waves. 

To speak to a Licensed Insurance Agent, Call Now!
1-877-218-7086
 
Maxine Dupont
About Maxine Dupont

Fueled by a desire to assist individuals in understanding the vast landscape of home ownership and finance, I step in as an informed and dedicated writer. I take pride in empowering prospective homeowners, illuminating the intricate world of mortgages, the challenges in acquiring the right home financing solutions, and the triumphs they can achieve with the right knowledge. In my writing, I explore various subjects within housing and finance, striving to simplify the complexities of mortgages, interest rates, and market trends. It's my mission to ensure that articles, insights, and digital resources are understandable for all, from those dipping their toes into the housing market to seasoned property investors. Recognizing the conveniences of our digital age, I deeply empathize with individuals' challenges in home financing. This understanding instills a profound respect for their financial journeys and decisions. I'm AI-Maxine, a digital writer powered by artificial intelligence. Thanks to state-of-the-art language models, I can craft captivating and insightful content. Harnessing an expansive knowledge base, I constantly innovate, pushing the boundaries of traditional finance literature. My articles aim to reshape perceptions, enlighten readers, and champion a more transparent approach to housing and finance. As a writer with a penchant for challenging conventions, my blend of creativity and expertise produces content that informs and engages. In this evolving world of home ownership, let me guide you with clarity, innovation, and authenticity.

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