If you’re in the market for a new home, you may be feeling the pinch of higher mortgage rates. Rates have been on the rise in recent months, and they’re expected to continue to climb in the coming year. There are a few things you can do to offset the impact of higher rates. One is to make sure you’re getting the best deal on your mortgage. Shop around and compare rates from a variety of lenders. Another option is to consider a shorter-term loan. A 15-year mortgage will typically have a lower interest rate than a 30-year loan, and you’ll pay it off sooner. You may also want to consider an adjustable-rate mortgage. These loans start with a lower interest rate that adjusts after a set period of time. Finally, remember that even a small change in interest rates can have a big impact on your monthly payment. If… Read More →
More info