The start of 2022 brought the typical resolutions, hope and optimism of any new year. However, by the end of the month, concerns over rising inflation and interest rates seemed to dampen some of those hopes.
We spoke about these concerns with Holly Callia, SVP & Regional Mortgage Manager with Bank Plus, for insight. “Some upward movement [interest rates] was expected but what feels like an overreaction should settle down in coming weeks,” Callia explained.
Many economists believe the Federal Reserve Bank will ease their position, resulting in interest rates in the 3.75-4.5% range.