Today’s current low rates allow buyers to afford more house for their money. According to Freddie Mac, “The average 30-year fixed-rate mortgage is expected to be 3.0 percent in 2021 and 3.5 percent in 2022.” Even with a half-point increase in rates, this will impact what you pay each month over the life of your mortgage.
The bottom line is, if you are thinking about buying or selling over the course of the next few months, it may be smart to make a move sooner rather than later because mortgage rates are going to continue to rise. If you are in need of a local lender, we have a handful of them available to you on the business directory of our website.
{loadposition mod-social}