• jimshorkey

Mortgage Rates Remain Relatively Flat: September 9, 2021


While the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has lead to weaker employment, lower spending and declining consumer confidence. Consequently, mortgage rates dropped early this summer and have stayed steady despite increases in inflation caused by supply and demand imbalances. The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase.