Ron Siegel’s Mortgage Minute brought to you by Geneva Financial July 5 2023

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Understanding the complexities of home financing can be challenging. Here are the key takeaways from the recent mortgage market report:
-Mortgage rates have been increasing and are likely to continue this trend.
-Predictions of lower rates and a recession have proven to be incorrect.
-The Federal Reserve may raise interest rates further, potentially increasing mortgage costs.
-Securing a mortgage rate now may be advisable, given potential future increases.
For a more comprehensive understanding, we strongly recommend you read the full report. It breaks down these points and more, giving you a clear picture of the current state of the home financing landscape.

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