The FED raised rates by a half percentage point last week. This will certainly give some buyers pause as it reduces the price of the house they can buy. For example, in buying an $800,000 home, a half percentage point would raise the mortgage p...
The bottom line for prospective homebuyers is this: The historically low mortgage rates of 2020 and 2021 are not coming back in 2022. But rates are likely to remain relatively low.
Even a jump to 4% by the end of the year in 2022 would be ...
