Are Mortgage Rates About to Hit 7%?

Thinking about buying a home or refinancing? Mortgage rates are flirting with 7%—yikes! The reason? Big government spending plans are making investors nervous, which pushes rates up. If Congress doesn’t get the budget under control, rates could climb even higher. For now, don’t expect a huge drop. If you’re shopping for a house, use a mortgage calculator to see how these rates hit your wallet, and maybe hold off on refinancing unless you can save big each month. #MortgageRates #HomeBuying #MoneyTips #RealEstate