I don't know whether all of the economists and government employees go on vacation for the last 2 weeks of each year, but the interest rates always stay flat for the remainder of the year. Perhaps they are enjoying their families and getting ready for the holidays. Maybe they are taking in a few office parties and spending their year-end bonuses. Whatever the reason, it is safe to say that the Mortgage rates on 30 year Fixed Rate products will not change until after January 1st. For those buyers who aren't closing until the end of February, but are concerned that their interest rates will rise before they get a chance to lock them in, have nothing to fear by waiting until the beginning of January to lock. Rest easy and enjoy the holidays knowing that interest rates aren't going up.
Andy Williams PA. NMLS License no. 118317
President
Abacus Regional Mortgage License no. 113984
484 695 5972
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