If you were looking forward to taking advantage of extremely low 3% mortgage rates, unfortunately, it appears that ship has sailed. We ran across an article featured on CNN, in which experts say that we may never see the mortgage rates fall down to the 3% level again. Here are three reason why:

  • The fed is going to stop bolstering the market.
  • The economy is no longer reeling.
  • 3.3% rates are unprecedented.

But take heart, although the mortgage rates are rising, experts say, “mortgages will still be relatively low.”

You can read the complete article to find out more information on the current status of mortgage rates. Let us know in the comments if you have any questions and we will get you answers.