The Reason Mortgage Rates Are Projected to Increase and What It Means for You
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. Howe
Where Have All the Houses Gone?
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage ra
![Home Mortgage Rates by Decade [INFOGRAPHIC],www-ingridcenteno-com](https://img.chime.me/image/fs/chimeblog/wp-migration/9843/20260608/16/w600_original_1c49958adfc2447180ce5db50f637177.jpg)
Home Mortgage Rates by Decade [INFOGRAPHIC]
Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.Locking at a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not la
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