“After months of barely budging, mortgage rates rose significantly in early January at their strongest pace since the spring,” said Matthew Speakman, a Zillow economist. “But that upward momentum has since dissipated, and it appears that fears of an extended, more substantial spike in rates have diminished — at least for now.”
For the moment, according to The Washington Post, the mortgage market appears to be in a holding pattern, watching to see what President Biden’s administration does.
Continue reading Rates adjust to new Administration at Movement Mortgage Blog.
