rent homes: Mortgage Rates Rise to Highest Level Since 2020
- 01/12/22 10:45 AM
Mortgage rates are on the continued upswing indicating now may be time to buy a home and fulfil the American Dream for those that have been sitting on the fence instead of your own backyard. With rising mortgage rates and continued inflation locking in a 30 year fixed home payment when comparing to rising rents that will go up year after year is an enticement to BUY NOW. Freddie Mac does a weekly national mortgage rate survey for rates for those with good credit. Last week January 6, 2022 rates rose to 3.22% for a 30 year mortgage, the highest since 2020. … (4 comments)
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
Mortgage rates are on the continued upswing indicating now may be time to buy a home and fulfil the American Dream for those that have been sitting on the fence instead of your own backyard. With rising mortgage rates and continued inflation locking in a 30 year fixed home payment when comparing to rising rents that will go up year after year is an enticement to BUY NOW.
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