August 2022 Interest Rates

August 11, 2022

Hello Everyone and Happy August!

Interest rates are the talk of practically every financial article published right now. After the Fed raised rates another 75bps in July, the 30 year fixed market settled down to back around 5% until the huge jobs number that came out last week. Rates are again on the uptick to the high 5s. As I have said on recent blog posts – interest rates are cyclical and right now volatile.

We now expect the Fed to raise rates another 75bps one and perhaps even 2 more times this year. Good financing is still available. Premier is offering split loan financing with 10.1% down and no PMI. This offers a lower than market blended rate. Shop now and lock early is my advice!

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