As expected, the Fed declined to raise rates in June. CPI Inflation data this month, which excludes volatile energy and food prices, showed inflation rose at an annual pace of 4%, the lowest in over two years.
While the Fed did not raise rates in June, there are indications they will do so by 0.25% at both their July and September meetings. 2024 may be another refinance boom as experts are predicting rates will decrease by 100 basis points over the course of the year.
Interest rates have crept higher in recent weeks, so utilizing a mortgage broker to shop for you is as important as ever to ensure you’re getting the best deal possible. Reach out today to start your home purchase process.
To get in touch, reach out to your Helen Adams Realty agent or contact Tom Baker directly.
About IntroLend Carolinas
IntroLend Carolinas is a mortgage marketplace that allows you to compare your options side-by-side, giving you the confidence to know you are receiving the best possible rate and terms. Helen Adams Realty has dedicated finance managers in their offices who have been in the mortgage and customer service industries for decades and understand how to take great care of any borrower in any scenario.