The Truth About Mortgage Rates
This is an obvious topic at the forefront of our industry. However, its our job to also put things in the proper perspective. I keep saying what we had in 2020 and 2021 were “fake” rates and that’s a fairly accurate statement. We are at more normal levels and below historical averages. It’s just a big shock to finally see rates hit where they were trending prior to the pandemic so quickly. They were predicted to be at this level and heading that way. They are finally here, but not all is lost. Like this video points out, the more commonly used loan programs out there address affordability so even though you can’t borrow as much as you could last year, you can still get a loan you can comfortably repay. And now home prices are coming back down and more homes available for sale. It’s not all bad!!! Find out where you stand and contact me to learn more.
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