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Mortgage Rates Rise due to Inflation Concerns February 12, 2018

Midtown, Atlanta
Mortgage Rates Rise due to Inflation Concerns, Atlanta, Georgia

Mortgage rates continue to surge in 2018 out of concerns over inflation pushing above targeted levels due to a growing economy fueled by recent tax cuts.

January’s Employment Report came in mostly as expected but annual wage growth was well above the consensus forecast, adding to the recent inflationary concerns.

Another reason rates are trending higher is simply less potential demand for bonds if the U.S. budget deficit grows and both China and Europe buy less.

Home Sales finished 2017 at the highest level since 2006 despite inventory being at only a 3.2 month supply, the lowest since tracking began in 1999.

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