CHECK OUT THE NEW BUCKSBLOGSPOT. HELP FOR BUCKS COUNTY BUSINESSES AND ECONOMIC RECOVERY – BUCKSBLOGSPOT

    Spotlight: Re/Max Joe Cairo

    Interest rates on the rise!

    Probably by now you have heard that the mortgage interest rates have been at their all-time low.

    For the most part, they have been under 3% for quite a while. People (including myself) took advantage of this and refinanced their homes for lower payments and/or home improvements.

    Also, A LOT of people entered the home buying market to take advantage of these low rates.

    But just like everything in life, things always come to an end. Sometimes it is a gradual end or sometimes it is a sudden end.

    In this case, mortgage rates climbed slightly (average 3.25%) and have held steady. Did this sudden increase immediately slow down the market? NO, it did not! 

    If rates continue to climb, you will see a market “slow down.”

    Some key indicators will be higher housing inventory and/or less buyers in the marketplace. 

    If you have any questions, please do not hesitate to call me with NO obligation at 215-630-9363.

    0 0 vote
    Article Rating
    Subscribe
    Notify of
    0 Comments
    Inline Feedbacks
    View all comments
    0
    Would love your thoughts, please comment.x
    ()
    x