Interest Rates Are Going UP

Dated: 05/12/2016

Views: 270

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

[email protected]  Google Hangouts

@yale1974 Twitter

Las Vegas Propportunities  Facebook business page


BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous!

When competence AND creativity matter!



Blog author image

Beth Ellyn Rosenthal

I like to be a pioneer.I I am the founding state broker for Nevada for eXp. I am agent 61 out of over 15,000 now. I was in the first class of women to graduate from Yale. I've had my real estate licen....

Latest Blog Posts

YOUR LOAN, YOUR OFFER. SU PRESTAMO, SU OFERTA

DEAR CLIENT:My recommended lenders can help you get pre-approved for a loan. They have great products and their service is exceptional, they can help if you only have ITIN number, low income, not

Read More

HAGAME SABER QUE DESEA Y NECESITA

In bygone years, Las Vegas was mostly about the gambling. Not  Now!YA HACE MUCHOS AÑOS QUE  TODO EN LAS VEGAS ERA ACERCA DE LAS APUESTAS. NO AHORA!EL EQUIPO DE LOS RAIDERS TENDRA SU

Read More

I'M YOUR AGENT. SOY SU AGENTE

PARA TENER EXITO, LO PRIMERO QUE NECESITAS ES AMAR TU TRABAJO.;

Read More

Thinking about Purchasing New Construction make sure you Read this Blog First.

New home buyers don't want a used house when only new home construction will do. They don't want to inherit somebody else's worn carpeting, personal taste in kitchen appliances or look at some kid's

Read More