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1. Mortgage Market Up 2 Percent in March
- Wednesday, April 11, 2018
When Financial Federal executive vice president John Loebel looks at the local mortgage market, he has a straightforward assessment: If you want to buy a home, buy it now.
“The mortgage rate trend is up, period,” he said. “With the Federal Reserve’s consistent raising of rates to control inflation, we foresee this will only continue. We wouldn’t be surprised if rates hit 5 percent next quarter. Due to these variables, we’re experiencing such a seller’s market. Countless buyers are bidding on every single home, decreasing the timeframe for negotiations and even appraisals.”