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New Covid Variant Rocks Markets; New Loan Limits Next Week

Jeannette Thompson

Published 6 months ago

Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news.

B.1.1.529 (designated now as"Omicron"), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of it. Search interest began to ramp up on Thanksgiving Day. By Friday, it's an utterly pervasive headline.

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National Rate Averages

Conf. 30Y Fixed

5.446%
0.004

FHA 30Y Fixed

5.362%
-0.011

Jumbo 30Y Fixed

5.302%
0.073

Rate averages are calculated from actual locked rates. Learn more.

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Home Loans, LLC

Company NMLS# 1850117

202 Main Street
Frisco, CO 80443
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Notice that the Gongloff Group has a business relationship with Home Loans, LLC. The owners of both companies own 100% of ownership interest in each business. Because of this relationship, this referral may provide the Gongloff Group a financial or other benefit. You are NOT required to use the listed provider(s) as a condition for settlement of your loan or purchase, sale, or refinance of the subject property.

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