Since the election ended, interest rates have gone up. What does that mean for you?
As a buyer, that means your purchasing power has gone down. Houses that you looked at two weeks ago are technically more expensive now.
If you are buying a home, we recommend locking in a low rate right now. We expect that rates will continue to rise, and even a small increase can make a huge difference on your monthly payment.
If you have any questions about interest rates or our local market, just give us a call or send me an email. We would be happy to help you!