Are Mortgage Rates too High?


Over the course of the last six weeks we’ve seen rates increase and our mantra on Team Aalto has been to “Keep Calm and Lock your Rate.”  And although the recent upswing has been unsettling, let’s try to keep things in perspective.  For those of you that haven’t ever seen a rate higher than 5%, take a look at the chart below from 1982:

Capture

Makes that rate of 4.125 look a lot better doesn’t it?

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