Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

                            Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Keeping Current Matters
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.
                             Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Keeping Current Matters

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

KCM Blog

Contact me to buy or sell or invest in North VA
Asifa Zia
Licensed in VA
Keller Williams Realty, Manassas, VA
540-729-3470
703-330-2222
aszia09@gmail.com
http://www.buyandsellnorthvirginia.com/

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