LANSING, Mich. (Great Lakes News) – Many real estate agents are reporting that rising mortgage rates mean the rush for homes is heating up again, and they say that spring of 2022 will be just as competitive as last year.
Thirty-year mortgage rates nationwide are up from 2.5% in late 2020 to close to 4% for the first time in three years.
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That can add over $200 to the average monthly payment.
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