Yes, Rates Are Rising – But Buying a House Is Still a Good Idea

You’ve probably heard by now that interest rates are increasing, and it was just announced that another half-point rate increase would likely happen in May. At the time of writing, mortgage rates are 5.25% for a 30-year fixed-rate mortgage which is the highest they’ve been in over five years. With the increase in mortgage rates and the skyrocketing home values, you’d be crazy to buy a house in today’s market, right? Not exactly. Let’s look at why buying a house in Colorado is still a good idea.