A Historic

Time To Buy

According to Freddie Mac's Chief Economist, Sam Khater, "mortgage rates rose again on the back of increased economic activity and incoming inflation data. The housing market is incredibly rate-sensitive, so as mortgage rates increase suddenly, demand again is pulling back. The material decline in purchase activity, combined with the rising supply of homes for sale, will cause a deceleration in price growth to more normal levels, providing some relief for buyers still interested in purchasing a home."

We must keep in mind that while rates aren't at their all time lowest, they're still very far from historic highs. Just take a look at the last 30 years!

In the 1980s, rates averaged at 12.7%, and at 8.12% in the 1990s

So even if you may have missed the lowest mortgage rates ever offered, you can still get a much better rate than 10, 20, and 30 years ago.