The past year is one that will go down in the history books. The average 30-year fixed mortgage rate reached its all-time low while inflation hit a 39-year high.
However, mortgage rates spiked to kick off the new year and many are questioning if rising rates will continue to be a theme this year. How will inflation and COVID-19 variants impact the market in 2022?
Waiting for a lower mortgage rate could cost you. Experts project rates will continue to rise in the months ahead. So, if you’ve been thinking about refinancing to a lower rate, taking cash out for a project, or purchasing a new home: now is the time to seize the opportunity.
2021 was the biggest year for cryptocurrency yet. Cryptocurrency is gradually being accepted for large-scale investments like real estate. Over the next few years, the new currency may revolutionize the way that real estate transactions are done.