Inflation has been a constant battle for the Federal Reserve recently, and while they have been making some headway, we’re still not quite at the end of the road. While they continue to fight to bring inflation down, it means that interest rates will remain higher than you might like – and while that isn’t bad for your savings account, it might not be great news for your mortgage rate.
Mortgage rates currently are somewhere in the 6.25 range – which may feel pretty good if you’re a Baby Boomer and remember when rates were in the 18% range when you may have first purchased a home. However, if you purchased a home in the last few years, that rate may feel like it’s on the high side.
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