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Homebuyers waiting for a reprise on low mortgage rates are in luck! The Federal Reserve has continued to fund the stimulus and maintain its bond-buying program. This recently helped provide resistance for mortgage rates—preventing them from climbing even higher. In fact, the 30-year-fixed rate has settled back to around 4.3%—a level we haven’t seen since July. And with the housing market strengthening and home values rising, the falling rates will help offset gains and keep affordability in view. But both homebuyers and sellers be warned. Don’t wait too long to act, because when the Fed does implement their stimulus tapering, you can anticipate mortgage rates will begin their climb once more. |