Is it the Right Time to Buy or Sell a Home?
Have you been struggling to make a decision on whether to renew your lease or make a home purchase? This may help! The interest rates are creeping up this year for the first time in quite some time. In fact, we may be approaching the 5% range by early 2018. The rates for the past, current, and predicted rates are:
Average annual interest rate for 2016 3.5%
Average interest rate for January 2017 4.25%
Predicted interest rate Dec 2017 4.875%
If you’d like to know how much this will affect your price range, we’ll be happy to provide that, as well as a great loan officer referral for you! Even if you’re not planning to make your move yet, it’s always a good thing to get as much information as you can in anticipation of a future purchase.
If you would like to meet us to discuss the buying process so you can make an informed decision, we would love to be your real estate resource!
Hope to talk to you soon!