A quick update about what interest rates are predicted to do this year.
Will mortgage interest rates increase in 2022? The experts are predicting that by the end of the year, we’ll see rates at 3.6% to 4%. We believe we’ll see more first-time homebuyers enter the real estate market as it begins to settle. When rates rise, buyers will want to negotiate more, so now is the time to sell while both rates and inventory are low. It’s currently a great time to buy and sell.
If you have questions about interest rates or any other real estate matter, call or email us. We would love to be your real estate resource.
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