01/20/2022
Lately, there's been an increase in mortgage rates. So, what does that mean for you during the home buying process?
We'd love to connect with you to learn more about your home buying goals and walk you through what the current market means for your homebuying process!
It’s time to talk about the inevitable. Mortgage interest rates have increased. I’m sure a lot of you have been curious as to what is going on with mortgage interest rates and how they will affect you. For almost two years, consumers have been spoiled by mortgage rates being under 3%. So, if you were able to buy a house or take advantage of your equity and refinance into a lower rate, that’s awesome! What I really want to show you is with this increase in interest rates, how much does this actually change your payment? According to the Mortgage Bankers Association (MBA), rates are expected to gradually increase in 2022. If you have been thinking about buying a house, looking into investment properties, or a vacation home, now is the time.