09/10/2026
Rising mortgage rates are a hot topic. Have they gone up? Yes. But you shouldn't be scared off from looking into buying a home. I'm seeing 30year FHA rates around 7.5%, which is a good bit lower from when rates jumped in 2023. Lenders may be able to get you locked in to an even lower rate, based on your credit and down payment. Three bedroom homes listed under $150k are available in Anderson and an estimated 30 year FHA payment including taxes, insurance and PMI is in the same ballpark as renting a 3 bedroom home. If homeownership is your goal, take the time to call a lender to see if you qualify. Need a referral to a lender? Let me know.