It has been a rollercoaster week for Interest rates to say the least. We ended last week with the lowest interest rates in years, setting near low records for the 30 year fixed. This week we are looking at interest rates that have risen at a record pace. The question now becomes what does the consumer do? I have often advised my clients to get their application in when there is this type of volatility in the market. Interest rates are prone to big swings with uncertainty

The Federal Reserve on Tuesday took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus. The U.S. central bank has not made a cut like this since late 2008, shortly after the collapse of Lehman Brothers. Fed leaders believed it was wise to move quickly as concerns mount about the plunging stock market and a severe disruption in every major economy. Recession fear