Mortgage Rates Rise Significantly

According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows rates on types of loans have been rising with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from the prior week. In addition, FreddieMac says the rise in mortgage rates so far has not yet affected purchase demand, but given the fast pace of home price growth, it will likely dampen demand them in the near future. Be sure to look at their historical data. Continue reading HERE...