08/01/2023
When rates go down, there are more buyers in the market, which results in competition, bidding wars and rising prices. Our rates are still good. We have been spoiled over the last few years.
Mortgage rates barely budged in June, but they've shot up again the first few weeks of July. In June, the national 30-year average fixed-rate mortgage began a tight up-and-down ride at 6.79% and ended the month down eight basis points at 6.71%, according to Freddie Mac. Rates, however, rose 10 ba
