Posts from July 18th, 2022

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Why Experts Say Mortgage Rates Should Ease Over the Next Year How To Make Sure Your Sale Crosses the Finish Line Why More Homeowners Are Giving Up Their Low Mortgage Rate Why You Don't Need To Be Afraid of Today's Mortgage Rates Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here's the Tradeoff
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July 18th, 2022 by

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below):

But why i...

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Categories: Buying
Tags: northern illinois, real estate, Rockford Real Estate, Homes in Rockford

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