Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some ... » Learn More about Think Twice Before Waiting for 3% Mortgage Rates
Prosperity Home Mortgage
The Scoop on Mortgage Rates
It's hard to miss the ongoing news coverage of today's mortgage rates. A year ago, we were marveling at the uber low rates that helped, in part, to drive a hot seller's market. Now rates have risen, and what does that mean for buyers and sellers? I hopped on a Zoom with colleague and ... » Learn More about The Scoop on Mortgage Rates
