It's no secret that interest rates have been at an all time low lately. Qualified buyers have been able to take advantage of these great rates on top of lower home prices and are probably quite happy with their overall investment.
But, as we all know, all good things must come to an end. These fantastic interest rates (while still great) are rising. So, if you're considering refinancing and it makes sense to - you might want to go ahead and do it. If you're considering buying - you might want to go ahead and get something under contract and lock in your rate as soon as possible because it's likely that the rate you see today, won't exist tomorrow.
And as always, stay on top of your credit score! Know it and make it better. You'll be happy that you did when you've saved thousands of money in interest thanks to the better rates available to higher FICO scores.
