Mortgage interest rates are headed back up. Not quickly and not above 7% until hyper inflation kicks in if the government continues to print money. Now is the last time to abandon that Adjustable Rate Mortgage (ARM) and secure a low, stable fixed interest rate for your home mortgage. Unless the government steps in again at the risk of igniting inflation like we haven’t seen since the late 1970’s and early 1980’s, mortgage interest rates have begun there slow climb back to historical averages and beyond.
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Stay tuned and stay in touch with your mortgage professional. Thank you for the opportunity to serve you and your clients. David. 919.851.0999.