Increasing Interest Rates

    The Federal Reserve is widely expected to begin increasing interest rates soon, which means the window for record low mortgage rates is closing.

    While rates are expected to go up gradually, higher rates push up borrowing costs and monthly mortgage payments.

    “You are likely to get the best rate you will possibly see, perhaps in your lifetimes through the majority of next year, but certainly, the earlier

    the better” said Smoke.

    Courtesy of:

    CNN Money

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