Rates Increase Slightly Amidst Strong Job Growth and Higher Inflation
Mortgage rates increased by four basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of June 11th. Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, homebuyers are looking past the short-term rate fluctuations and actively entering the market, signaling renewed confidence in homeownership opportunities. Mortgage […]
