Interest rates, which have been at record lows since the end of the recession, have risen from an average of 3.86% a year ago to 4.78% today. (Photo: Unsplash). BOULDER – Today’s market is tough on first-time home buyers. Inventory of first-time buyer homes and condos had plunged to a record low, pushing prices higher […]
Rising Mortgage Rates: To Lock or Not To Lock? That is the Question!
Over the last several years, we have enjoyed record-low mortgage rates and a prevailing sense of relative stability. During times of stability, the question as to whether to lock the interest rate while you are under contract on a home, isn’t as critical as in times of rising interest rates. In recent months, there […]