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13K views · 48 reactions | When you’re in the middle of processing a home loan, an interest rate increase can really throw off your plans—but a mortgage rate lock can help you stay on track. https://bit.ly/2AgL1LB | Shea Homes | Facebook
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13K views · 48 reactions | When you’re in the middle of processin…
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FacebookShea Homes
The Freddie Mac rate for a 30-year mortgage moved 12 basis points higher this week, to 6.72%, as markets prepared for Wednesday’s Fed meeting. While higher rates persist, they’ve been largely expected, so we might not see a strong reaction in mortgage rates. 💡 Here’s the good news for buyers: - In 2025, mortgage rates are expected to ease while home prices see modest increases, keeping home buying costs relatively stable. - More homes—both new and existing—will hit the market, especially in top
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