Spoiler alert: my hunch is we might be on the cusp of that rate change happening now.
This got me thinking; I remembered reading about some of the higher funding costs lenders were facing. Combine that with a desire to raise capital, the recent rise in investor loan rates will only begin to achieve what the lenders are looking to do. They’re going to have to raise loan rates elsewhere too – most likely everywhere. What does this mean? My hunch is that rates are going up. All those home owners out there patting yourselves on your back because you don’t have an investment loan; pay attention, I’m talking about your home loan rates too. I think all rates are going to go up in the future.
This means you have to do something; fix now and relax OR do nothing and likely pay more. I know what I’m doing. Get in touch to start the ball rolling now.
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