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30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac.
We have new advice for anyone considering a home purchase in the next couple of years.
Buy before 5. This means buy before rates go to 5%.
Even though rates have been ticking up over the last several weeks, we believe that in a few years we will look back on this time and realize what a tremendous opportunity it was to have a mortgage under 5%.
So, don’t be discouraged by recent uptick in rates. Instead, feel great that you were able to buy before rates hit 5%.
