The Martini Factor is curated by Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini to provide a glimpse of what is likely to impact Raleigh mortgage rates this week.
The top 2 items likely to impact Raleigh mortgage rates this week
ONGOING SPECULATION REGARDING FED RATE HIKES LATER THIS MONTH
Financial markets in the U.S. reopened Tuesday after a long holiday weekend, with mortgage bonds kicking off the week sharply lower in negative territory. Bond investors preparing for ongoing aggressive rate hikes at the Federal Reserve monetary policy meeting later this month. The jobs report came out relatively strong last week, showing continued strength in the economy. This paves the way for more Fed rate hikes.
RENEWED INFLATION FEARS DUE TO RISING ENERGY PRICES
It became apparent over the weekend that energy prices are likely to remain elevated due to supply constraints. Specifically, Russia’s biggest natural gas pipeline to Europe will not resume pumping as expected. This means Europe is facing its worst gas supply crisis ever. There is even talk of rationing as the winter months approach. This is sparking renewed fears about rising inflation and an economic slowdown.
Oh by the way…
It is never too early to start to explore your homeownership options and you are not too late either. The first part of the homeownership journey is the loan and then after you have the certainty and being armed with price and cost clarity, the second step is to go find your home. The Martini Mortgage Group offers trusted advice with a frictionless digital mortgage process that provides certainty. To contact Mortgage Strategist with the Martini Mortgage Group simply call: (919) 238-4934.
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