The Millstone Times June 2021

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INCREASING MORTGAGE RATES

CDC National Eviction Ban Extended Again

It appears, depending on how the economic recovery progresses, that mortgage rates could continue to increase. Earlier in the year, rates were holding under 3%, but those rates have steadily increased over the past several weeks. As more and more Americans are vaccinated, it's expected that economic recovery will continue, and this will likely contribute to an upward movement in mortgage rates. If you're thinking of buying this summer, it may be in your best interest to lock in a rate as soon as possible.

Centers for Disease Con- trol and Prevention has ex- tended the national ban on evictions through the end of June. The eviction ban was scheduled to expire on 4/1/2021. Advocateswarnedof a spike in evictions without an ex- tension. Experts say mass evictions could undermine efforts to get the coronavi- rus pandemic under con- trol. (CNBC + NPR)

22 The Millstone Times

June 2021