Mortgage rates are increasing as predicted—here’s what you need to know.
Interest rates are rising like crazy. We all knew it was coming, but what does it mean for the real estate market and your ability to buy or sell a home?
In case you don’t know, mortgage rates at the beginning of 2022 were around 3.11% on average. Now, the average is closer to 5%. Not only that, but **Freddie Mac predicts that rates will continue to rise throughout the year. **
In blog posts this month, I’ll be looking at past markets with similar conditions to see what our future might hold. In the meantime, don’t hesitate to call or email me with any questions. I look forward to hearing from you!
