💨 Abstract

Experts warn first-time buyers to act quickly as mortgage rates are set to rise. Due to a higher-than-expected inflation rate of 3.5%, several lenders have already increased mortgage rates, predicting that most sub-4% mortgage deals will disappear within a week and that the incredibly low rates will soon be gone. With the rapid changes in market sentiment and increasing swap rates, buyers are urged to lock in favorable mortgage rates promptly.

Courtesy: Emily Mee