Interest Rate Pull back

The interest rates are inching back up based on a report from Mortgage News Daily. Nevertheless, it appears to be a pull back after a 1.2% prior drop, so more than likely we’ve had a trend reversal and the continuation back down will come in the coming weeks as more news comes in from the Fed.

For those looking to enjoy some of the additional wealth created by increased home value due to inventory shortage, a HELOC or 2nd with a variable rate may be in order to participate in lowering interest rates in the future. The 10 year treasury finished the day at 4.136%.

https://www.mortgagenewsdaily.com/markets/mortgage-rates-01232024