Here’s what’s happening with interest rates and what it means for you..

How should you react to rising mortgage rates? They’ve been going up steadily over the last few months, which might have made you want to wait out this market. However, that may not be the best decision.

Most experts predict that mortgage interest rates will continue climbing for at least this next year, and those rates affect your affordability dramatically. According to the chart at 1:05 in the video, just a 0.25% increase can have a huge impact on your monthly payment. 

If both mortgage rates and home prices continue to rise, it might make more sense to jump into the market now instead of waiting. If you are thinking about buying, please reach out to me. I’d love to connect you with a few quality lenders so you can get a good feel for the market.

Give me a call at 269-350-5514 or email me at jason@veenstrateam.com. I’d love to answer any questions you may have and go over your real estate plans.