Mortgage Rates Explode Above 6%

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Mortgage Rates Explode Above 6%

Hello Brenden Rendo from The Homes in Orlando Team.
I just want to do a quick follow up from our video on Friday where we talked about interest rates taking a spike due to inflation worries.
Well, today, as you can see, it actually was worse.
It's one of the five worst days in over a decade for mortgage rates, Rates exploded to up over 6.18%.
Will this continue without the Fed's stepping in and doing something?
I don't see how that rates pull back.
The big thing is can they, do they have any bullets left in their gun to help fight inflation?
We'll find out at their meetings on Wednesday. Take care.

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