Interest rates today moved up from yesterday in Florida as Ben Bernanke’s comments pushed the bond markets even higher. Concerns about inflation growth coupled with the ever weak US dollar may encourage Bernanke to start raising rates this year.

The next Federal Reserve meeting is scheduled for June 25th and we expect the Fed won’t lower rates. The question is will they begin to raise rates?  Raising rates will move fixed rate mortgages but keep in mind there are benefits.The US dollar should strengthen and oil prices as well as other commodities should drop. We’ll have to wait and see.

Florida home shoppers are encouraged to call their Florida Mortgage Professional today to review lock-in procedures. Florida homeowners considering to refinance to a lower fixed rate should call now. Even VA fixed rate home loans inched upward today. Protect your new fixed rate and lock in as soon as possible. Call our office and ask for one of our Mortgage Professionals. 888.399.0520

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