Interest rates have gone up recently and they are expected to go up further in the coming year. Here’s what you can expect.
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We just wanted to inform you of some recent real estate news that may be important to you. The Federal Reserve raised their interest rate on December 13th, and it’s more than likely that they will raise it twice more in 2017.
If you’re thinking about purchasing a home anytime in the near future, now might be the time to act. You want to lock in that low rate now before they go up again. Even a small increase can make a huge difference in your payment and the overall cost of your loan.
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We highly recommend that you talk to a professional lender if you’re thinking about buying. We would be happy to connect you with someone fantastic that we have worked with a lot in the past.
Now is the time to consider making a move.
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If you’re thinking about selling your house, now might be a smart time to do that too. If these rates go up as expected, it could really limit your bottom line as well as the number of buyers who look at your home.
If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you soon.
