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Thirty-year fixed interest rates were less than 3% in early 2021 but are inching closer and closer to 6% today in the summer of 2022. This sharp increase may seem like mortgage rates are too high and you missed the right opportunity to buy a home, but just because rates are on the rise doesn’t…
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The Federal Reserve has been busy laying the groundwork for interest rate hikes that will occur for the first time in three years, with the first expected to hit in March. So, what does this mean for prospective buyers and homeowners? Today, we’ll take a closer look at interest rates and discuss if you should…
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Overall higher interest rates will not impact homeowners too much with just a .25% increase. This should comfort existing homeowners who monitor their equity along with prospective home buyers nervous about their new purchase. The Federal Reserves’ short-term interest rates have been at zero going back to December 2008. The moment the Fed truly…
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