- Mortgage rates are going up, but they’re actually not that high.
- You’re still in control: you can get yourself a lower rate with these smart tips.
- Find opportunities in your local real estate market—contact us today!
Many would-be homebuyers putting off buying their dream home because they are fearful of rising mortgage rates. It seems like the news is non-stop negative when it comes to talking about the housing market. But it’s worth putting those headlines into perspective. In 1981, mortgage rates hit an all-time high of 18.45%! On a 30-year fixed mortgage right now, you can expect to find rates around 5.9%—that’s 68% less than the highest mortgage rates homeowners have historically managed. Let’s take a look at today’s mortgage rates and see why this is still the time to buy your dream home.