Mortgage Rates Just Hit a 3-Year Low

If you’re one of the many homebuyers holding out for lower rates, here’s the update: it’s already happening. Mortgage rates just hit a major milestone, briefly dropping into the 5% range for the first time in about three years.

Now they’ve settled into the low 6% range, and experts expect them to stay around this level for the rest of the year. Here’s why that’s great news for you. Mortgage rates hitting a three year low isn’t just news — it’s a real opportunity.

For many buyers, today’s rates could be the tipping point between sitting

on the sidelines and stepping into a new home.

If you’ve been waiting for a reason to revisit your numbers and see what’s possible, this is it. Talk with a lender to see how current rates could impact your budget and your buying power.