For the first time in nearly a decade, rates are expected to rise.
Earlier yesterday, the Federal Reserve held a meeting where it decided to raise the federal funds rate. Mortgage interest rates are likely to follow.
Since rates are still low, waiting any longer to refinance could cost you hundreds or even thousands of dollars in interest over the life of your loan.
But over the long haul, things aren’t looking so grim, according to USA Today.
If you were on the fence about buying a new home, now’s the time to take a hard look and make sure you’re ready to jump off.
If you are ready, we just happen to know a few good people who can help you through the process. You can find them all at nexushomesearch.com.