I’m David Beadle. Here’s what’s happening from RateAlertNow.com.
Mortgage rates rose slightly on Thursday after a reminder that inflation was continuing to rise at the wholesale level last month.
The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and a quarter points, up one-eighth of a point from Wednesday,
for an extra cost of $125
on a $100,000 loan
and $375
on a $300,000 loan.
On Friday,
we will see the consumer
price index of inflation at
the retail level.
Another half-percent rise
is expected.
That’s what’s happening.
I’m David Beadle.
If you want to “avoid” being caught “by surprise”
the next time mortgage rates rise,
find out about my *Real-Time*
text and email “bulletins,”
by visiting RateAlertNow.com.
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