How Rising Interest Rates Will Affect You
We’ve all been hearing about how interest rates are climbing—are we past the golden age of low rates? I’m here today with Chris Coulter of Supreme Lending, who will be talking with us about current rates and what changes will mean for both buyers and sellers in the future.
Rates have been on the rise since 2016. We were below 4%, but since then, we’ve hit around 5.25% for 30-year fixed mortgages. Over the past 30 days, we’ve fallen back down to around 5% to 4.5%, but rates are expected to rise over the long term. In fact, they’ll likely be increasing to 6% in the near future. It’s a good time to find a lender and take advantage of these low rates before they rise.
“Their lending service is set up to ensure quick closings.”
Supreme Lending specializes in one thing only: mortgage lending. For their business to exist, they always need to have aggressive pricing. Chris is confident their prices are great, but in addition to this, their lending service is set up to ensure quick closings. They have a team of industry-expert underwriters and processors who can allow homebuyers to close in as little as eight days—FHA loans included.
They understand a fast process is needed, especially during multiple-offer situations. All their loans are underwritten in Atlanta, and Chris has been serving our market for 23 years. Choosing a local, experienced loan officer makes all the difference.
If you’d like to reach out to Chris for guidance in your own situation as a homebuyer, call 404-735-3111, email him at [email protected], or visit his website. Giving him a call is a great place to start.
If you have any questions for me or need further information, feel free to reach out to me. I look forward to hearing from you soon.