Nuwave Rate Update - 11.16.22

The market has seen the rates drop for the first time in what feels like a year...but in reality about six months.

With the CPI Print coming in below projections, the expectations are that the FED will slow the pace of interest rate growth.

If you have buyers in the market, the next 2-3 weeks will be the best time to get under contract for the foreseeable future. With this breath of fresh air, borrowers can see their rates below 7% (and some even under 6%). This brings the payments to a much more manageable level.

More than likely, we will see these rates creep back up over the next 30 days. But we, most likely, will not see major swings. I'd expect the market to implement marginal increases as we move into the winter months.

Cheers :)