Why Your Mortgage Rate Just Jumped

Heads up if you’re house hunting: mortgage rates just spiked again, thanks to the U.S. losing its top credit rating and a new government spending spree. The average 30-year fixed rate is now 6.86%. That means your monthly payment could be hundreds more than last year for the same house. The upside? There are more homes for sale, so you might avoid bidding wars. Pro tip: keep your credit score high to snag the best rate possible! #HomeBuyingTips #MortgageRates #MoneyHacks #RealEstate