30 year fixed mortgage rates just hit 6%. The highest rate since 2008. What now!?!
If you are looking to buy in the coming months, it may be a good idea to explore an Adjustable Rate Mortgage (ARM). ARMs lock in a lower rate for a fixed amount of time then adjust. And because rates are the highest they've been in 12 years, it's a good bet they will drop in the next 5-10 years.
A good loan officer can help you look at your options and help make a plan.
Reach out for recommendations or any questions.
Weekly Housing Market Update - June 22
