Dan Stout, RMLO

The volatility continues!

Fed Hikes Rates; Rates Drop Sharply. Here's How That Works There was some debate as to whether or not the Federal Reserve would hike the Fed Funds Rate today, although the consensus was for a 0.25% increase.  That's exactly what the Fed delivered.  ...

We're definitely going though some "sticker shock", but are rates extremely high from a historical standard? Probably not.. Are they high from a recent memory standard? Yes they are... Either way, it's hard to time 2 markets at the same time (housing markets and financial markets), so have a plan to buy when life tells you to and refinance when the markets tell you to.

When will mortgage rates go down? Brace yourself, economists warn house hunters that rates of 7% may be the 'new normal.' Rates are at 7.12%, according to Mortgage News Daily.