Mortgage Rates Just Hit a 1 Year High—Should I Wait To Buy A Home [icWNWyVkZfr]
Mortgage rates just reached their highest level in a year. Does that mean you should wait to buy a home—or could waiting end up costing you more? In this video, I explain why mortgage rates recently climbed to 6.66%, how the Federal Reserve’s decisions can influence rates, and why a major rate drop may not be coming anytime soon. You’ll also learn: • Why the Federal Reserve doesn’t directly set mortgage rates • What could cause rates to move even higher • How today’s slower market may give buyers more negotiating power • What to consider before deciding whether to buy or wait • How your credit, loan program and down payment can affect your rate The goal isn’t to perfectly time the housing market. It’s to make a smart decision based on your finances, your needs and the opportunities available today. If you’re considering buying a home in Jacksonville or Northeast Florida, reach out to me. I’ll help you understand the market and connect you with a trusted local mortgage professional—without the pressure. Mike Jones, REALTOR® Mike & Cindy Jones, Jacksonville Real Estate Agents, REALTORS® Jacksonville and Northeast Florida Real Estate 📞 904-874-0422 Subscribe for straightforward information about buying, selling and living in Northeast Florida. Sources: Freddie Mac Primary Mortgage Market Survey, Federal Reserve and National Association of REALTORS®.