DON’T WAIT FOR A LOWER MORTGAGE RATE – IT COULD COST YOU Even today, our mortgage rates are below what they’ve been in recent decades. Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of. Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got
recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later. In late September, mortgage rates ticked above 3% for the first time in months. And according to experts throughout the industry, mortgage rates are projected to continue rising in the months ahead. The chart in Exhibit A on the folliwing page lays out where experts say rates are headed. While a projected half
4 | GRHG | VOLUME TWO | ISSUE ELEVEN | 2021
