As Bob Johnson (AKA BobMortgage) notes in the 78th episode of The Mortgage Report, our market is at a very exceptional place right now. According to the minutes released by the Federal Reserve, another interest rate hike is on its way in December. And as our most-trusted mortgage expert told us in last week’s episode of the BobMortgage Zone, consumer spending — and consumer debt — are both at high points.
So, what does all of this mean? And what should you do if you’re looking to secure a home loan in this volatile market? Find out from the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in today’s Mortgage Report: