How Today's Mortgage Rates Affect Home Purchases

 If you're in the market for a new home, you're probably wondering how today's mortgage rates will affect your purchase. After all, interest rates are one of the biggest factors in determining your monthly mortgage payments. Keep reading to learn more about how today's mortgage rates can impact your home purchase.

Mortgage rates have been on the rise in recent months, which has made some potential homebuyers hesitant to pull the trigger on a purchase. However, it's important to keep in mind that mortgage rates are still near historic lows.

So, while mortgage rates have increased slightly, they're still very affordable by historical standards. That means now is still a great time to buy a home. In addition, mortgage rates are expected to rise even further in the coming months as the economy continues to strengthen. So if you're thinking about buying a home, it's best to do it sooner rather than later.

If you're thinking about buying a home, don't let today's slightly higher mortgage rates deter you. Rates are still very affordable by historical standards and they're expected to rise even further in the coming months. So if you're ready to buy a home, now is the time to do it!