Mortgage Rates Rising This Summer

Mortgage rates are poised to climb in June, fueled by global tensions driving inflation and energy costs. While the Fed’s upcoming forecast—its first since the conflict escalated—may hold rates steady for now, any hint of worsening inflation could trigger lender hikes. Though Fannie Mae and Freddie Mac are temporarily cushioning rates by buying mortgage-backed securities, their support won’t halt the upward trend. Expect rates to stay elevated through the summer, with forecasts predicting steady increases through the year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/19bed73e3503e043