Here is How Higher Mortgage Rates Will Impact Your Retirement
While we are accustomed to seeing mortgage rates at record lows, the situation is swiftly changing. For the first time since 2009, the average 30-year fixed mortgage rate has surpassed 5% and is currently sitting around 5.25 percent. This is a significant increase in a short period. How can you prepare for an increase in interest rates? What will this mean for the real estate market? Your retirement plans?