Today’s mortgage and refinancing rates: June 26, 2021

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Mortgage rates today: June 26, 2021

Regular bets from Money.com; government-backed rates of RedVentures.

Refinancing rates today: June 26, 2021

Regular bets from Money.com; government-backed rates of RedVentures.

Is now a good time to buy a home?

There is a good chance that mortgage rates will start going up later this summer or fall. This potential increase is attributed to several economic factors, mainly inflation and Federal Reserve Statement that he plans to aggressively raise the federal funds rate in the next couple of years.

Since rates may rise soon, you may want to lock in a low rate soon while you can.

However, housing market in the USA funny right now. The houses are expensive, including starting and repair houses. Homes sell fast, so you may have to make a quick decision about one of the biggest purchases of your life just to buy a home before someone else breaks in.

While now is a good time to get a low mortgage rate, you should weigh the pros and cons of buying now. Depending on your situation, buying an expensive home at a low price right now may cost you more than waiting to buy until prices fall, but the rates will be higher.

about the author

Laura Grace Tarpley is editor of Personal Finance Insider covering mortgages, refinancing and lending. She is also a Certified Personal Finance Faculty (CEPF). During her five years in personal finance, she has written extensively about ways to handle loans.

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