Posted To: Mortgage Rate Watch
Things have been bad for mortgage rates in 2021. That assertion has nothing to do with the outright level of mortgage rates–indeed, that’s still very low historically–and everything to do with the pace and duration of the rate spike. Like many things, there comes a certain point at which things have been bad enough for long enough that they can’t help but improve. Have we reached that point with the rate spike of 2021 and is today the proof? Let’s not tempt fate , and let’s be realistic . As far as rate spikes go, there have been worse examples. In fact, even as recently as 2016, one could argue some of that movement was worse than what we’ve seen in 2021. And if we go back another few years, there’s no question that 2013 was much tougher than the current environment. Things can definitely…(read more)
