Attributed to Sean Becketti, chief economist, Freddie Mac:
"In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points. The 30-year mortgage rate followed suit, rising 9 basis points to 4.03 percent. This increase marks the first week since 2015 that mortgage rates have risen above 4 percent."
We all know it had to change and this is just the beginning.
If you'd like to get financing changes made before the end of the year on your real estate portfolio and need legal assistance, contact Jerry Slusky at (402) 392-0101.