(StatePoint) While mortgage interest rates remain near historic lows, they have been slowly rising over the last year, increasing the cost of 30-year loans for borrowers. Home buyers concerned about higher rates have other options to consider: an adjustable rate mortgage (ARM), which provides an initial lower monthly payment, or a 15-year fixed rate mortgage,…
Tag: interest rates
Interest Rates are Rising: Should You Buy a Home or Wait?
(StatePoint) With heightened talk of rising interest rates, many prospective home buyers are understandably concerned about whether it’s the right time to purchase a home. Indeed, you may be wondering if you waited too long and let the historically low interest rates pass you by or if you can still find a dream home that…
West Essex Real Estate 