Over the past few months, Aliece Dice with eXp reality has been busy to say the least. Even though mortgage rates are climbing, she says it’s still a strong market.
The average 30-year-fixed rate mortgage is currently 4.95%, according to Mortgage News Daily. It’s the second jump in a week. If rates continue to climb, then it could cool off a housing market that’s been on fire due to historically low interest rates. We’re talking interest rates in the two’s for a lot of people.
For buyers, Dice says it’s all still a good time to buy, just keep in mind that interest rates could continue to go up.
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