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Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie MacFannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades.

Mortgage Interest Rates Just Went Up… Should I Wait to Buy? | Keeping Current Matters

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago. 


Thank you for visiting JustThinkSold! This is a one-stop real estate website for all your home buying and selling needs in Wells County Indiana and the surrounding areas.  We are professional real estate agents who will help make your search for a new home an enjoyable experience. 

Please feel free to contact us directly if you have any questions about the real estate market, or buying or selling a home in Bluffton, Ossian, Berne, Decatur, Fort Wayne, Indiana, or any of the surrounding areas. 

We are here to help you at Coldwell Banker Holloway!








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