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IT IS STILL VERY HARD TO GET A MORTGAGE! BUT IT’S GETTING EASIER
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efore the year 2020, no one thought that the mortgage rates steadily creeping towards 3% would be a bad thing. Fast forward, a year later, everything seems relative!
The rate for the 30-year mortgage plunging to 2.65% at the start of the year. As of early March, the rate was at 3.23% and seems to be steadily rising. It is safe to say that right now, we are trending in a rising rate environment. Even though the rates are ridiculously low, at some point, we all knew the ever-dropping rate would come to an end, we just didn’t know when!
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THE POWER IS NOW MAGAZINE | APRIL 2021
