Welcome to my video blog. I’ve had a few question about interest rates and thought you might have the same questions.
How is the recent rise in interest rates affecting the real
estate market in you area?
I haven’t seen any dramatic changes. We still have a lot of
demand for homes out there. Buyers also know that, despite the increase, rates
are still phenomenal and historically low. I haven’t seen any buyers get out of
the market because of the rise.
What would tell someone who is on the fence or waiting for
interest rates to go back down?
It’s still a fantastic time to buy. We aren’t sure exactly
what interest rates will do, but they shouldn’t be the only determining factor
when deciding to buy a home. Home prices are also historically low and we
expect those to increase.
If interest rates do go down, you can always consider
refinancing.
If you have any questions about buying or selling or
refinancing, please give me a call at 661.617.4434 I would love to help you
with your real estate needs!
Thanks for watching!
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