Mortgage rates have continued to move higher over the past 3 weeks to higher levels than we've been used to seeing for the last several months. While they are currently remaining at competitive levels, it is safe to assume that there is only going to be a continual increase in mortgage interest rates.
If you have been thinking about refinancing, consider doing so now (or at least sooner rather than later) to lock in a lower rate before they continue to rise. Connect with your preferred lender to discuss refinancing options, or reach out to us HERE and we can get you in contact with our preferred lender to take you through the refinancing process.
Purchase applications have continually been increasing for conventional and other loan options also, which is interesting to note because historically the new applications have been slower at this time of the year. Our team is still getting our buyers under contract and presenting them with all the options and scenarios that would work best for them and their situations.
If you're ready to start browsing real estate for sale or are curious to know what you could get for the sale of your home, check out some of these resources below:
Browse Active Homes for Sale HERE
Get an Instant Property Price Estimate HERE
Check out this news article about the rising interest rates HERE.
