Interest Rates Are Going UP

Interest Rates Are Going UP

GRRR. It looks like interest rates are going up very, very soon. This is bad news, especially for buyers, because it will cost you MORE out-of-pocket every month to live in the same place.

Wednesday William Dudley, President of the Federal Reserve Bank of New York, told the media he predicted the Fed would soon raise its benchmark interest rate....twice this year!

What does that mean for buyers and sellers? 

Sellers: If you are thinking about selling, get that home ready now  because when rates go up, it prices people out of your home. They just can't qualify at the higher rate.

Buyers: Get preapproved with a lender ASAP and lock in your rate. Now you have six weeks to find a home. 

Histogram with Gaussian distribution on blackboard

Let me know if I can help! I am Jewish and you know it's against my religion to pay retail. So I am taking this personally.

((hugs)) BETH Ellyn

The Las Vegas Real Estate Concierge

State Managing Broker, Nevada

702.758.4318  Talk. Text. SMS. Video chat

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BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous!

When competence AND creativity matter!

Beth Ellyn Rosenthal Headshot
Phone: 702-324-6911
Dated: May 12th 2016
Views: 253
About Beth Ellyn: ...

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