3 Reasons To Lock In A Mortgage Rate Today!
Posted by Cary W Porter on
Following months of encouraging signs that inflation was finally cooling, a new report showed that it ticked back up in July. With the benchmark interest rate already at a 22-year high and mortgage interest rates the highest they've been since 2000, many buyers may elect to sit on the sidelines and wait for the rate environment to improve. That said, there's no clear insight into when that improvement will actually take place. Nor do experts know how much rates will even fall. With this forecast unclear, it may still make sense for buyers to act now.
3 reasons why it's worth locking in a mortgage rate now.
There are multiple compelling reasons buyers may want to lock in a mortgage rate now. Here are three things to consider.
Rates could go…
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