Volatility is a word commonly used this year to describe the mortgage rate pace over the past year. In an article titled Mortgage Rates Hit 6%. World is Not Ending. May Just Be Beginning, written by Matthew Graham for Mortgage News Daily, he provides notable details and graphs that provide insights into what has prompted this volatility.
June 2022
Fed Vows to take Unconditional Approach In Response to Painful Inflation
Inflation pace is the fastest it has been in more than 40 years. Unprecedented, historical, and painful. It is a pain that everyone is feeling, however some more than others.