Real Estate Agents in Central Maryland
Mortgage Interest Rates are On the Rise … Due to the FED’s policy of increasing the federal funds rate (the benchmark for most interest rates) in an attempt to minimize inflation, we have seen mortgage rates rise an average of 2% since last year. With inflation at 40-year highs and the Federal Reserve making aggressive …
Home Buyers: How to Navigate A Market with Higher Mortgage RatesRead More
Mortgage rates have been steadily going up for 2023. This month the Federal Reserve decided to not rase rates, since they began raising rates to combat inflation in the middle of 2022. We often hear from potential buyers (and those refinancing) asking what the near future is for mortgage interest rates. Disclaimer: Neither Chris nor …
📉Mortgage Interest Rates Are On the Rise Rates are now almost a full percentage higher than they were this time last year, on average. With a strengthening economy, the cost of borrowing money goes up. I know, it’s a cruel joke…when the economy is weak, people are hesitant to take borrowing “risks”, but that’s when …
Shopping For Mortgage Interest Rates Shopping for the best interest rate has always been important when buying a house. A difference in rates as little as 1/4 % can make the difference between an affordable house and one out of reach. The challenge with shopping for rates in the Frederick real estate market, as with …
