Interest Rates Rise Above 4%

With the improving national economy and the Fed’s desire to curb inflation the average interest rate for a 30-year mortgage has increased about 4%. The benchmark number is a psychological barrier that has been crossed and home buyers and sellers should take note. There is still time to lock in a super low rate but the trend is leaning towards a higher rate environment in the foreseeable future. Take advantage of this great time to buy before it is too late!

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