Here’s what that means for you.
Mortgage rates fell to record lows in 2021, but now they’re rising — fast.
Did you know that for every 1% increase in mortgage rates, your buying power decreases by about 10%? In other words, you get less home for your money.
If you’re buying a home this year, don’t let higher rates get in the way of your goals. Talk to me about locking in a low rate before they rise even further.
