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Prakash Singh Mortgage Lender and Broker - your trusted broker and lender

Consumer Prices Are Rising – Mortgage Rates Likely to Follow!

Prakash Singh Mortgage Lender and Broker - your trusted broker and lender

Prakash Singh is a licensed mortgage broker and real estate professional in Minnesota with over a decade of experience in helping first-time homebuyers, investors, and landlords with their home financing, real estate, and investment needs. From securing the right mortgage to building a property portfolio, Prakash provides transparent, reliable guidance every step of the way.

Consumer Prices Are Rising – Mortgage Rates Likely to Follow!

Attention, homebuyers! If you were hoping for a break in mortgage rates this spring, brace yourself for some bad news. A key inflation report for January has sent shockwaves through the market, and mortgage rates are likely to climb higher—fast.

January’s inflation data came in hotter than expected, pushing the 10-year Treasury yield up by 0.097 percentage points to 4.633%—the biggest one-day jump since mid-December, according to Dow Jones Market Data. Since mortgage rates closely follow Treasury yields, this spike suggests that borrowing costs are about to rise even further.

Mortgage Rates Holding Firm Above 7%

Freddie Mac’s latest survey shows mortgage rates hovering around 7% so far this year, while Mortgage News Daily reported the 30-year fixed rate at 7.05% on Tuesday. If you’ve been waiting for rates to drop, you might be waiting a long, long time.

The impact of these sky-high rates is already crushing the housing market. Home sales in 2024 have been sluggish, and the latest data suggests the pain isn’t going away anytime soon. Zillow reported that pending home sales in January dropped 3.6% compared to last year. Even worse, over 20% of sellers slashed their listing prices last month—the highest January rate since at least 2018. This isn’t just a slowdown; it’s a full-blown crisis for buyers and sellers alike.

What This Means for Buyers and Homeowners

With rates climbing and affordability tightening, waiting could cost buyers even more. If you’re considering purchasing a home, refinancing, or tapping into home equity, acting now before rates rise further could save you thousands over the life of your loan.

But Wait—There’s Hope!

While the market seems to be working against you, there’s one person who’s fighting tooth and nail to keep your costs low: Prakash Singh from LoansBySingh.com. In these turbulent times, Prakash has been a beacon of hope for homebuyers, tirelessly working to secure the best possible rates and terms for his clients.

At LoansBySingh.com, Prakash understands how rising interest rates can crush your dreams of homeownership. That’s why he’s dedicated to providing top-notch service while keeping costs as low as possible. Whether you’re a first-time buyer, investor, or homeowner looking to refinance, Prakash and his team are here to guide you through the chaos with personalized solutions tailored to your needs.

Why Choose LoansBySingh.com?

  • Fight Rising Rates: Prakash works tirelessly to lock in competitive rates, even in a volatile market.
  • Exceptional Service: From application to closing, you’ll get white-glove service every step of the way.
  • Save Money: With Prakash on your side, you’ll find ways to cut costs and make homeownership more affordable.

Act Now—Before It’s Too Late!

Don’t let rising rates derail your dreams. Call Prakash Singh at LoansBySingh.com today and let him help you navigate this challenging market. When the odds are stacked against you, Prakash is the ally you need to come out on top.

📞 Contact Prakash Singh today to secure the best mortgage rates before they climb even higher!

Your dream home is waiting, and Prakash is here to make it happen. Don’t wait until it’s too late—take the first step toward securing your future now!

Thanks,

Prakash Singh ‘PC’

Realtor | Mortgage Loan Officer

NRDS: 506010384, NMLS: 2280871

Bridge Realty LLC | Ensure Home Loans (NMLS# 1666674)

📞 Ph: 612-405-4246 (GAIN)

📧 Email: [email protected] | [email protected]

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Reviews

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Google Review (Real Estate): https://g.page/r/CbTU1boDKMWcEAE/review

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Investment & Landlord Training

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