Interest Rates: 3 Steps Forward, One Step Back?
If you haven’t been following, mortgage interest rates have just had a HUGE upward jump.
From a low of 3.25% this Spring, 30-year mortgage rates touched as high as 4.625% earlier this week before re-tracing some of that move.
What happens next?
Conventional wisdom is that rates settle back towards 4% before resuming their upward climb.
Since that’s what everyone is expecting . . . it’s probably not what’s going to happen.
You’re been warned . . .
