What's happening with mortgage rates....they're going up, incase you haven't heard, but this is some insight as what to expect.
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago.
To read the full article, please click on this link: What's Happening with Mortgage Rates
Bottom Line:
Paying a higher price for a home and a higher mortgage rate can be a difficult pill to swallow.
However, waiting will just cost you more. If you’re ready, willing, and able to buy a home, now will be a better time than a year, or even six months from now.
Let’s connect to begin the process today.