Buying a Home? Lock In Your Rate Now

For the last few years, interest rates have been historically low. This partly fueled the buying frenzy we saw in the housing market. However, the Federal Reserve has increased rates multiple times this year and will continue to do so throughout 2022. If you’re buying a home, the rate your lender quotes could increase sometime in the future, so what does this mean for you if you’re already under contract?

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