Mortgage rates are on the rise. Now what? Local experts offer advice to potential home buyers
When the Federal Reserve raised interest rates in early February to combat inflation, one area of concern for many potential homebuyers was how the Fed’s actions would affect mortgage rates and their ability to afford a new home.
However, Clint Thompson, a mortgage officer with Fairway Independent Mortgage Corp. in Inverness, says the perception that mortgage rates automatically increase following a rise in interest rates is incorrect. “There is always misinformation out there when people hear
