There are many great San Diego area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report
so you know what buyers will pay for your home in today's market. You
may also call me at (619) 562-6800 for a FREE home buying or selling
consultation to answer any of your real estate questions.
Rising Interest Rates: Is Now the Time to Buy or Sell?
Today I wanted to offer my 2014 predictions and what direction interest rates are headed in. What I can tell you is that interest rates are going up. According to the National Association of Realtors, Fannie Mae, Freddie Mac and the Mortgage Bankers Association are predicting rates to be anywhere between 5-6% in 2014. What does this mean for buyers and sellers?
For buyers, if you can get into a home now and still take advantage of the low rates and pricing, I would do it! As for sellers, as rates begin to climb, it will discourage buyers from wanting to purchase property. In result there will be fewer buyers in the market for your home.
With the economy continuing to improve, the job marketing strengthening and all the reports from the various news outlets and economists, the economy’s upward movement will continue to push interest rates up.
If you’re in the market, call me. Let’s talk about helping you in the right direction; I can even tell you if this is the right time for you to buy or sell! Real estate is not like buying a car. My goal is to help you make a decision that’s in your best interest. Thanks and make it a great day!
