Allow me to push you off!
Do you know how an increase in mortgage rates will affect the housing market? Can YOU afford a potential $20,000 gamble as rates continue to go up?
Rates on Nov 14th were 3.75%…Rates on Dec 14th are 4.25% (Moving towards 4.6%)
For a SELLER, a 1/2% increase in rates is a 5% decrease in value.
For a BUYER, a 1/2% increase in rates is a $52 increase in monthly payment. That’s a whopping $18,720 over 30 yrs!
Does this make you nervous? Call me to avoid this gamble!