Purchase a Home

Mortgage rates are rising: Here’s what you should know

After a sustained run of historically low interest rates, most financial professionals and realtors expect mortgage rates to begin climbing upward in 2022. This is due to several factors, primarily the strong economy and recent inflation.

Anticipated higher interest rates mean that if you have not yet refinanced your home, or if you are looking to buy a home, now is the time to act. As interest rates increase, the sooner you can lock in an interest rate, the better. An experienced realtor and mortgage banker can help secure the most attractive rate possible based on your unique circumstances, but there are a few things you can also do to speed the process and ensure you get the best available rate.