Did Mortgage Rates Go Up
Mark Carney has moved the goal posts numerous times on when interest rates will likely go up. Of course, when interest rates rise or fall mortgage rates will follow suit. Below is a short potted history of the latest views: After much speculation that interest rates would finally go up in 2015 it didn’t happen because inflation suddenly turned negative.
The numbers: Household debt rose for the 18th straight period in the fourth quarter, edging up 0.2% to $. What happened: Mortgage originations fell to $401 billion from $445 billion, as last year’s.
We do think that rates are going to continue to push up." And like anything else, shop around for a rate. Go to your home bank, ask your friends for mortgage broker referrals, and look online in.