by Aaron Wluka | May 10, 2023 | Budget Statistics, Buyers & Sellers, Housing Market Updates, Interest Rates, Market Updates
The current higher interest rate environment in the United States is having an impact on the housing market. Due to the Federal Reserve’s monetary policy changes implemented in March 2022 to curb inflation, interest rates have increased, which has led to higher...
by Aaron Wluka | Apr 7, 2023 | Advice for Homeowners, Home Buying, Market Updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
