Interest Rates have remained at or above 4% since they first crossed the threshold on June 4th (according to Freddie Mac’s Weekly Mortgage Market Survey).
I do believe rates will increase. With the exception of Fannie Mae, the experts all believe that rates will jump by a full percentage point by this time next year, as shown in the chart below:
I have provided you with 10 slides that show exactly how the amount of home buyers can afford goes down as rates increase. Let’s Shop! 631-774-2528