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Everyone seems to be talking about interest rates lately. Are rates going to rise? If so, when and by how much? Today, we'll answer these questions and more.
Lately, there has been a lot of talk about a huge decline in the stock market, which generally leads to considerable changes with interest rates. We currently still have historically low rates, but many in the industry are expecting that to change.
Right now is an amazing time to refinance or a buy a home. We expect rates to stay low over the next few months, but they may start rising as soon as next spring. Why does this matter? Well, a rise in interest rates negatively affects your buying power and your ability to sell.
Because we're expecting rates to trend upward over the next year, now is the ideal time to make your move.
If you have any questions about taking advantage of these conditions, don't hesitate to give us a call or shoot us an email. We always love to hear from you!
As always, don't forget to check out the Duncan Duo Real Estate Show every Sunday at 10 a.m., right here on TampaRealEstateVideos.com!
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