Katy Homebuyers: Hurry Before Mortgage Rates Rise!
Katy neighbors: Shopping for a home? About to start house hunting? Now is better than later! Mortgage rates are destined to rise in the near future. Predictions are that rates may go up to 6% by April. While this sounds high, please remember it is still very low considering historical data. When I started selling Katy real estate in 1989, interest rates were barely below 20%!
Normally, I don’t write articles explaining why rates are fluctuating. If you are like me, you just want to know what the rate is today. However, a recent change will raise rates and we will also probably see them continue to increase in the future.
Read my entire article at OnlyKaty.com.
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Thank you so very much for reading my blog and taking the time to send me a message. With all the recent upheaval in the mortgage lending business, I try to keep my readers updated on the next “development”.