Bob Smith, Head of Real Estate at ACE, was quoted in the Money alongside Freddie Mac’s deputy chief economist, Len Kiefer, and offers the below insights on mortgage rates:

• Mortgage Rates: According to Bob Smith, head of real estate for Advisor Credit Exchange, for at least the remainder of the year, “Rates are going to be bounded in a range ... probably in the 6%s, low 7%s.
• Inflationary Pressure: In the long term, Kiefer and Smith see inflationary pressures easing later this year. That should help nudge mortgage rates lower — just “not as much as we had thought,” Kiefer says.