Some Highlights
- If you’re looking to buy a home, you should know even a small change in mortgage rates impacts your purchasing power.
- These charts show how rates generally affect your monthly payment.
- As inflation increases, so does the price of everything, including mortgage rates.” Inflation also reduces the demand that investors have for mortgage-backed bonds. As demand drops, the prices of mortgage-backed securities fall. That results in higher interest rates for all mortgage types.
- The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.
Other educational articles about the market and your home search are under Karen’s Blog. Additionally, explore the search bar for other topics of interest.
