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MORTGAGE PAYMENT CALCULATOR
With Mortgage Rates in a Holding Pattern, What Will Housing Prices Do?
After rising by more than a full percentage point from early May till the end of June, 30-year mortgage rates have more or less leveled off since then. However, the impact of higher mortgage rates on the housing market is still unknown.
Quiet on the Mortgage Front Could Be Calm Before the Storm
The last full week of July has been a quiet one for mortgage-related news, but next week could be a very different story. Given the way both growth and inflation have been gaining momentum, mortgage rates may just be pausing temporarily before resuming their march higher.
Inflation: The Latest Threat to Mortgage Rates
Since mortgage lenders are very sensitive to the threat of inflation, this rise in the CPI could lead to another wave of mortgage rate increases.
Mortgage Application Activity Could Stall If Inflation Heats Up
A continued rise in mortgage rates will impact potential home buyers and refinancers, but it is refinancers who are most likely to scrap their plans altogether. Meanwhile though, a new cloud appeared on the economic horizon which could discourage home buyers as well.
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