With mortgage rates rising and expected to continue rise to 5.5-6% by the end of 2022, the two percent (2%) increase we have seen in the first quarter of 2022 may just be the tp of the iceberg. Rates at most lenders have risen from ~2.75% in January to ~4.75% in late March, and that was after the feds increased their rates by just 0.25%. With the Feds expected to increase their rates six more times throughout 2022, mortgages appear to easily be heading to at least 5.6-6% by the end of 2022.
With mortgage interest rates expected to rise throughout 2022, it appears to be in the best interest of buyers and sellers alike to act sooner rather than later.
Featured Listing
- Bed: 1
- Bath: 1 full
- Sqft: 725
- MLS: H6155309
Wow, an Upper East Side one bedroom coop in full-service building with Southern Exposure for only $375,000 ! *Shown by appointment. You must contact me for an appointment.* Welcome to our n... Read More
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 Lee Presser, Realtor® Licensed Associate Real Estate Broker | eXp Realty NYC 1501 Broadway, 12th FL New York, New York, 10036 Direct: (347) 829-9996 Fax: (646) 792-3316 |
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