What's the Future of Our Mortgage Rates?
Updated: Jun 10
What can we expect from mortgage rates this year? Let’s discuss that.
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What can we expect in the future in terms of mortgage rates? This question is on many people’s minds, so today we sat down to discuss it. For the most part, experts don’t predict that rates are going to increase significantly anytime soon, though they may go up a little. Recently, they’ve been hovering around 3%, but even if they go up to 3.5%, that’s still the lowest they’ll have been since 1973.
These low rates make now a very good time to buy. Even though you might pay more for a house due to rising home prices, you’ll end up paying less over the life of the mortgage because of your lower rate.
If you have any questions about interest rates or buying a home in today’s market, don’t hesitate to reach out to us. We’d love to hear from you.