Today, we’ll be talking about interest rates, as they’ve definitely ticked up in the last while, and are in the news!
After years of enjoying 3% and 4% interest rates, it’s scary when they start creeping up towards 5%! The good news is that we are still in the range of historically low rates. The bad news is that rates aren’t expected to go back down in the next while, and if anything might increase, so it may be a good time to purchase if it fits in the plans.
For a more in-depth look at current interest rates and thoughts about where they’re headed from here, check out the following article:
Sometimes it’s hard to realize what rising interest rates actually mean when it translates into what you can purchase with the same mortgage payment. Take a look at this article for a look at the impact of increased interest rates on your buying power:
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