Over the last month or two we have seen the beginnings of a shift in the market. The fact it that since the 2016 election, interest rates across the board, including mortgages, have been rising.
Over the last ten years, every time rates have risen, home buyers have taken a wait and see approach. I’ll wait, and you’ll see, rates will start dropping again. I am here to tell you though, this time it is different. Rates are going up, for real.
There are a lot of reasons for this. Too many to detail in this post. However, suffice it to say that it’s worth redoubling your efforts to find the right house! At this point, both rates and home prices are rising. Consider this your heads up!
