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The DiPeso Group - Avalon New Jersey

Mortgage Rates Climb Above 3%: Is This The New Normal?

Posted: October 22nd 2021

If you're thinking of waiting to buy a Shore home because you think rates will go back to the 2.7% range, you may be costing yourself.  Rates have been increasing since the low point of 2.7% in August, and have seen more days over 3% in recent weeks than most of 2021.  

Locking in a low rate now can save you tens of thousands of dollars over the life of the loan!

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