What Soaring Mortgage Interest Rates Mean for Homebuyers While the pandemic sent home prices soaring, the real estate market was finally starting to cool off last year, with home prices declining. Those falling prices were due in part to climbing interest rates. As interest rates increase, buyers start to put off home purchases, and the… Continue reading Soaring Mortgage Rates For Homebuyers
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Will Mortgage Rates Go Down? During the early years of the pandemic, home prices skyrocketed, while mortgage rates dipped to as low as 2.78% for a 30-year fixed mortgage. But while home prices are finally starting to slow and even fall, climbing mortgage rates make buying homes and refinancing challenging. On August 21, 2023, interest… Continue reading Mortgage Rate Forecast: When Will Rates Go Down?
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