STOP…before you lock in that loan….
Due to inflation concerns 30 year fixed rates jumped to just over 6% (6.03%) last week for the first time in a month and a half.
The 15 year fixed is at 5.62%, up .22%, abs the 5 year ARM is up .2% to 5.68%.
While these are still historically low, you might want to wait a week or two before locking in a rate.
So give a little pause if you’re about to finalize the terms of your loan…waiting just a few days might really shave some points off for you!
Keep checking back to our blog for more valuable tips not only on the Park City Real Estate Market but also on all of the issues related to doing your deals.