Chris Frankie

Chris Frankie

Mortgage Rates Rebound as Inflation Worries Mount

Mortgage rates have soared back to their highest levels since November as inflation concerns increased long-term bond yields, which normally move in tandem with mortgage rates. So reports MarketWatch.

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Spike in Wood Costs Pushes Home Prices Higher

The cost of new homes is feeling upward pressure due to soaring lumber prices. Softwood lumber, which is normally used in house frames, almost doubled between April 2020 and January 2021, according to the Department of Labor’s producer price index. So reports BankRate.com.

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Bodnar of MMG: Rates Move Higher, But We May Have Found a Bottom

Bill Bodnar of The Mortgage Market Guide (MMG) says that rates moved higher this week, but we might have found a bottom.

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