2021 began with the lowest interest rates on record…but they didn’t last long. By April, they had already reached the peak for 2021. And we can very likely expect rates to move even higher in the new year. The Federal Reserve has given several signals that the pandemic monetary policy will be ending as it works to curtail inflation. Ultimately, that may push interest rates higher. The Fed’s new approach likely won’t affect the pockets of buyers looking to purchase a home within the next few months, but time is running out for optimal rates. So what should you do? You can start by taking a look at Altmo’s handy Refinance Calculator and Purchase Calculator to help you make the right decision for you and your family.
Have questions? Feel free to reach out to Scott Bennett at 503-703-4699 or sbfreedom@gmail.com to talk about your current situation.