Increasing Interest Rates: Should I Stay or Should I Sell?
Posted by PreReal™ Prendamano Real Estate on
Interest rates are determined by the Federal Reserve and they are currently 2.25%. They have been on the low side, but won’t be for much longer. In other words, interest rates on real estate are going everywhere but down so NOW is the time to get your property on the market. You don’t want to be cut short on your property’s worth. As of October 2018, mortgage rates remain low which will increase the buyer pool for your property.
You might be asking yourself “What am I risking if I wait until 2019?”
To start, as interest rates rise, the value of your home decreases. It is projected to rise to 3.0% in January 2019.
The current demand to buy homes is high.
People want to invest while they are able to get a mortgage. The odds are in your…
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