Jul 15th, 2015
When the Fed’s rate hike does happen, most experts predict that mortgage rates will rise, too. Sellers should consider the possibility that this could impact the price gains we’ve been enjoying the last few years. Buyers need to be aware that their purchasing power could decline, and the historically low rates we’ve seen for the last couple years may not return. Timing and short term/ long term planning is very important in achieving real estate goals... Contact us if you want to discuss the market and your plans!