Great Reasons To Not Let Interest Rates Discourage You

2022-06-23T15:00:49+00:00

It’s no secret that mortgage interest rates have risen significantly in the last couple of weeks, but that doesn’t mean you need to abandon your plans to refinance or purchase a home. Interest rates can change at any time and are driven by market forces such as economic news and inflation. Moreover, although rates are on the rise it’s important to compare interest rates from a long-term point of view. The chart below, from Freddie Mac, compares mortgage interest rates throughout history. Based on this data, mortgage rates are still considerably low compared to decades