Fed hints tapering off this year, higher rates to come

Minutes from the July Federal Reserve meeting indicate a willingness to reduce asset purchases before 2021 ends.

Tapering off on asset purchases will eventually impact the T-Note yields, and higher yields on Treasurys mean higher rates on mortgages.

After insanely low mortgage rates during the pandemic, rates continue to stay low… for now.

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While rates continue to stay at historic lows (under 3%), we must prepare for higher rate environment.

The looming possibility of the Federal Reserve tapering off on the economy makes now an ideal time to wrap up a refinance, borrow cash from your equity, or purchase a home before rates start climbing up.

Let us crunch some numbers, see if it makes sense for you:

Lock a low rate
Save money overtime
Pay your mortgage down
Lower your monthly payment
Cash some money out


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Call 800 816 5626 now or chat with a Home Loan Expert by requesting a quick quote:

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