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Interest Rates Are On the Rise

Whether it can be attributed to the light at the end of the COVID tunnel, the typical busy spring real estate season, or an improving economy, interest rates are once again on the rise. While many buyers were able to lock in at historically low rates the past few months, that may now be changing. Don’t get us wrong—rates are still extremely good—but this is are semi-regular reminder that if you’ve considered buying, now is the time to put some urgency and effort into your search.

Remember, the lower you can lock your interest in, the less you pay over the life of your loan. A $50/per month savings, for instance, may not look like much on paper but over the course of the more-than-300 typical payments on the life of a mortgage loan, the difference is substantial. 

Our services are always free to buyers, as this post explains, so don’t let that hold you back. Give us a call and talk about the first steps in your home-buying journey and we’ll happily answer any questions you may have!

 

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