How Global Uncertainty Is Impacting Mortgage Rates
How Global Uncertainty Is Impacting Mortgage Rates BrendaWynnTeam Berkhshire Hathaway HomeServices Nevada Properties Las Vegas NV Real Estate How Global Uncertainty Is Impacting Mortgage Rates How Global Uncertainty Is Impacting Mortgage Rates If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019 . But that climb has dropped slightly over the past few weeks ( see graph below ): The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected. Here’s a look at how industry leaders are explaining the impact global uncertainty has on mortgage rates: Odeta Kushi, Dep...