Will Mortgage Rates Affect Omicron?

Earlier this month, the worst of the COVID-19 pandemic seemed to be behind us, and housing economists were certain high mortgage rates were in our future.

But then came the discovery of the omicron variant, which brought a renewed and unwelcome dose of uncertainty into everyone’s lives.

Now, just as it is too early to say how concerned we are all about this new development, it is unlikely that these expectations will hold steady.

Shmuel Shaywitz, President and Chief Lending Officer at approved financing.

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