Interest Rates – how they effect the market
Mortgage, interest rates and how the market responds
Mortgage rates from January 2011 to January 2019 for both the 30 year and 15 year fixed.
Note: This graph does not capture the fact that since January of 2019, mortgage rates have declined even further as the the Federal Reserve lowered interest rates.
How this effects the market is two fold. Sellers have more buyers qualifying for a mortgage and buyers have more buying power. The net result is improving home selling and buying results.
This is a great time to buy or sell because competition for properties is lower during the holiday season and interest rates are low.
Contact me to discuss how you purchase or sell a home. Make a great investment. Secure your financial future and take advantage of the marketplace.