The average rate for a 30-year fixed mortgage hit a 15-month high of 6.76% last week, increasing from the previous week’s average rate of 6.71%.While potential buyers often wait for high rates to fall, buying immediately resulted in a better outcome than waiting for potential market improvements in 61% of scenarios, according to a new historical analysis from top wholesale lender AD Mortgage.The n…
Waiting for Mortgage Rates To Fall May Backfire, Study Finds
