Hal's Mortgage Blog

People always ask me this question. Consumers who rely on what the Federal Reserve is doing will be surprised because mortgage rates at times may be doing exactly the opposite.

Of course, I don't have a crystal ball so I can only give you an educated guess. Most experts think rates will hover just above 6% for the rest of the year. The key to mortgage rates will be inflation and the bond market.

If inflation ratchets up, the bond market suffers and rates increase. So watch the key indicators, a few of which are inflation and the bond market. Remember, when bonds go down or remain static in the face of inflation. mortgage rates go up.

You can check www.HalTennant.com/DailyRateLockAdvisory on a regular basis to see which way they are headed but don't be surpirised to see them fluctuate frequently.