If you have been in the market to purchase a home in the last couple of years, you’ve seen quite a change in interest rates. Many of you have seen some of the highest mortgage rates in years. Now, within the past couple months, there has been a sizable drop and rates are at the lowest they’ve been since the middle of 2023. So, what does that mean for someone that may be in the market to purchase a home or refinance their current home? The short answer, it depends.
Listen in as Michael Lorimor, Vice President of Real Estate Lending for Heartland Credit Union, gives his perspective on the current rate environment. He also has some great advice on things you need to consider before buying or refinancing a home.
