))
What Will Happen If Rates Go Up?
Manage episode 177009455 series 1372404
Indhold leveret af Spencer Hasch. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Spencer Hasch eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Our market is doing great right now. We expect that to continue throughout 2017, even if interest rates go up.
Want to sell your San Antonio Home? Get a FREE home value report
Want to buy a San Antonio Home? Search all homes for sale
Over the past few months, there has been a lot of buzz about potential interest rate increases. First, they were predicted to go up last September. That didn’t happen, but they did go up in December. Nobody knows if or by how much rates will go up next time, but we do know that they will still be historically low.
It is widely expected that the Federal Reserve will increase rates in 2017. Even if they go up by 1% or 2%, it won’t affect our market much. There are three reasons why:
1. Mortgage rates often move independently of the Fed rate.
A small increase in rates won’t affect our market much.
3. A shortage of inventory. With a limited supply of homes out there, the Fed will keep the health of the real estate market in mind before taking any action.
In short, the market is doing great right now and it’s likely to stay that way for the rest of the year, regardless of what happens with interest rates.
If you have any questions for me or want to take advantage of current market conditions, give me a call or send me an email. I look forward to hearing from you.
38 episoder
Del
