How will the Federal Reserve's possible rate hikes in 2019 impact mortgage rates?
Bankrate's chief financial analyst, Greg McBride, talked to TheStreet about what he expects from mortgage rates.
"Mortgage rates have pulled back over the last several weeks because of all this uncertainty in financial markets. At the moment, it's actually a pretty good time to lock in a rate. We're seeing the lowest rates since we've seen since last summer, but as the focus comes back to an economy that's performing well and the Fed starts to hike rates, we're gonna see mortgage rates go back up and they're gonna go above that five percent mark again," said McBride.
He continued, "They may come down later in the year if the economy slows, but you gotta be careful what you wish for on that. You might win the battle, but lose the war if rates come down because of a slowing economy, but because of a slowing economy, you're either out of work or for another reason can't qualify for that loan."
You can watch the full interview here.
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