Great news from Guild Mortgage on how to combat rising mortgage rates.

We recently got to meet up with Matt Stancato of Guild Mortgage at Gardners Landscape and Nursery in Chester Springs, and he shared some valuable information about mortgage rates that we’re here to share with you all. There’s a lot of scary news out there revolving around rates, but Matt provided some great clarity and reassurance.

We have been in a low-rate environment for a long time, but now rates are normalizing to slow down the economy. Fortunately, when they move the Fed rate, that doesn't necessarily mean that mortgage rates will move the same way. There is an effect on mortgage rates, but there are several intermediaries in between. Luckily, most of the damage that's going to be done to mortgage rates has already been done.

“It’s a great time to buy and sell.”

Still, affordability has certainly taken a hit, which has many potential homebuyers and sellers concerned. However, Matt has a few options to help people. It's important to remember that although you might be dating the rate, you're marrying the house. Mortgage rates can be replaced, but homes that you love cannot. To help you get the home you love, Matt offers things like temporary rate buydowns and adjustable rate mortgages. They will help you every step of the way, for years to come.

Therefore, it truly is a great time to buy and sell. If you want help with this, please don’t hesitate to call or email me! I would also be happy to get you in touch with Matt at Guild Mortgage. Lastly, don’t forget to support local businesses like Gardners Landscape and Nursery, where you can get all of your fall decor!