Have you heard that interest rates are rising? Recently, the federal reserve raised interest rates to help curb inflation. Experts are now projecting that standard interest rates will range from 3.5% to 4.5% in 2022.
For many buyers, this news can feel incredibly discouraging. Home prices are already high, but now you have to pay higher interest rates on top of it, right?
Not so fast. Our interest rates right now are actually super low, especially when we compare them to the interest rates of the 1970's-2000's.