The latest news on mortgage rates is that they are now 0.05% higher than they were last week. It’s a steady increase that is expected to level off soon. What does this mean for those looking to buy a home? It affects your buying power. For sellers, it means buyers may not be able to go to a bidding war with as much capital they previously had. Still, these are unprecedented times to invest in real estate with historically low interest rates on home loans.
Need advice on choosing a lender? Be sure to check out my article, 5 Rules to Remember when Looking for a Mortgage Lender.
Learn more on the latest news on mortgage rates by watching my latest video.