09/01/2022
This 📅year's mortgage 📊interest rates have been on an extreme 🎢roller coaster. These rates could significantly affect your ✍️plans, regardless of whether you're trying to buy, sell, or refinance your home.🏠
📌What’s causing mortgage interest rates to increase?
The Federal Reserve has 📈raised interest rates significantly in order to combat inflation, which in June hit a 40-year high.
📌How high will mortgage rates go?
Mortgage rates will continue to ☝️rise, albeit more slowly, as the consequences of the Fed rate hikes have already been factored into the rates.📈
📌What do higher interest rates mean to home sellers?
They must enter the 📊market with a lower 📋list 🏷️price as interest rates 📈climb. Prices are 👇falling because buyers are being more cautious.
Want expert 👩💼advice on how the current market conditions could impact your decision? Contact 🏠Midwest Realty at 660-885-7591 to get help in finding financial help or assistance. Visit our website 🔗www.explorewestcentralmissouri.com to know more about our services.
