It's no secret that mortgage interest rates have been increasing - especially fixed rates. Data shows that 30-year and 15-year fixed rates are slowly increasing, and have just recently reached a significant spike in the beginning of 2022. Adjustable rates have been going down in general over the last 12 months, although they are up this week.
See an interactive chart that shows weekly mortgage rates over the last 12 months
If you're wondering if now is still a good time to purchase a home, connect with your preferred lender or reach out to us and we'll connect you with one of our preferred lenders to go over with you if now is a good time to purchase in your financial situation and with your current real estate goals.
If you're ready to start browsing homes for sale, you can start browsing on our website now.
Info pulled from: Laura Grace Tarpley, CEPF. “Today's Mortgage and Refinance Rates: January 24, 2022.” Business Insider, Business Insider, 24 Jan. 2022, https://www.businessinsider.com/personal-finance/best-mortgage-rates-today-monday-january-24-2022.
