If you've been considering buying a home, it's time to kick things into high gear. Waiting for mortgage rates to drop may leave you missing out.
According to the latest report from Freddie Mac, rates are creeping closer and closer to the 7% mark. The 30-year fixed-rate loan has increased to 6.79% from last week's 6.57%, and the 15-year fixed mortgage saw a notable jump of 21 basis points, averaging 6.18%.
Waiting for a substantial drop in mortgage rates might leave you disappointed --and end up costing you big-time. Reach out to us today, explore affordable home loan options, and get the ball rolling. The sooner you act, the better your chance of locking in a favorable rate and securing your dream home at a price you can afford.
