October: APM Elevate Newsletter
Abstract
Should You Buy Now? Both mortgage rates and rent prices are rising, which makes the "Rent or buy?" question trickier than ever. While interest rates are a big consideration when buying a home, there are other important factors to consider. A high-yield savings account offers higher interest rates than a typical savings account. Some HYSAs currently offer rates over 2%, which may increase again if the Federal Reserve announces another rate hike. These bonds use a combined fixed and inflation rate to create the bond's composite rate. The fixed rate doesn't change through the five-year life of the bond, while the inflation rate changes twice a year, in May and November. Want more information? Let's connect! Factors That Influence Mortgage Interest Rates There are a few really important numbers when it's time to obtain a home loan: your credit score, the amount you want to borrow, and the interest rate.