September 2023 Why are Mortgage Rates so Finicky Right Now

With the latest inflation reports, it's no wonder why mortgage rates are so finicky lately and breaking the rules. Hi, I am Krista Mashore with eXp Realty. First off, let's remember inflation is the key reason that rates are as high as they are right now. In theory, if inflation falls back then mortgage rates should follow. However, with the latest consumer price index reports, inflation was up again at 3.2% in July slightly higher than in June. This has caused rates to take a jump in recent weeks. According to, mortgage rates have been hovering back and forth in the 6-7% range for the past several months, with the most recent forecast predicting the average 30-year fix rate, to close out the year at around 6.6%. Most experts are predicting a bumpy road for the remainder of the year and into the beginning of 2024. But let's remember rather than worry about mortgage rates, as a buyer, focus on what you can control. There are still plenty of options available when shopping for a loan. Reach out to my team and I so we can help strategize your next move!

In 2018 Krista Mashore sold over 22 Million dollars worth of Real Estate and is named in the Wall Street Journal within the Top 100 Agents Nationwide. Please see the article at The Wall Street Journal. To see Krista's local recognition check out this link featured in the Brentwood Press.

Kristas expertise and professionalism is revealed not only in the 14 years in Real Estate but also by being within the top 1% of all Realtors in Contra Costa County continuously since 2002.

Krista posses a Master's Degree in Education, previously employed as a School Teacher. Her excellence derives from her outstanding communication, skills, expertise in marketing, and her optimistic attitude towards life in general. Pristine Customer Service to her clients is a top priority. Krista has a natural ability for developing trust by her client base.