The Mortgage Report: Rising Interest Rates? Is it Still Cheaper to Buy vs. Rent?

Interest rates rose like zombies from the grave last week, so it’s a topic that’s definitely buzzing in real estate circles. In this week’s installment of The Mortgage Report with BobMortgage we find out why rates went up. 

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: Why did interest rates increase last week? Plus, Bob Johnson shares his interest rate lock or float recommendation and three reasons why it is cheaper to buy than rent.