Mortgage nterest rates are increasing. It is inevitable.
But I remember my parents telling me they bought a house in the 1980s and the rate on a land contract was 12% and conventional loans were 14%.
Yes they are increasing. Yes per dollar loaned it is costing more today than 6 months ago but with house prices still at lows buying is an extreme value and will continue to be for a long time.
And there are alternatives. Read more here.
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