What is Going on With Rising Interest Rates?


Can I shoot straight with you? Mortgage interest rates are going up. They’ve jumped from 3% to 5% for a lot of buyers – yes, even well-qualified buyers. So what does this mean for you?

If you’re looking to buy a home, you need to lock in your interest rates NOW!

If you’ve been looking for a home with not a ton of success, talk to your lender to see what you can do to ensure your rates don’t skyrocket if/when you have to get pre-approved again.

Truth be told, I don’t know how high interest rates are going to climb. In the past they’ve reached 2 digits.

I know the market can feel tough right now but what’s going to feel even more difficult is getting stuck with a massive interest rate that increases your monthly payment by a few hundred dollars.

We can’t predict the future, but I will say, now is still the time to buy.

What questions do you have about interest rates? Drop them below and I’ll get them answered asap!

#PrecisionRealtyUtah #interestrates #Housing Market