What Does the Roller Coaster Effect of Interest Rates Mean for You?

Today I wanted to speak with you about how the roller coaster interest rate trend affects buying and selling homes. For both buyers and sellers, rates have been up and down as of late, bouncing between 4.5-4.65%. This trend is expected to continue and for 2014, rates are expected to rise to 5%. However, the market still favors buying a home and to support this, the National Association of Realtors reports that 68% of people surveyed have purchasing a home at the top of their priority list. According to a recent home price survey, leading analysts predict a 5% in home values over the next year.

If you are on the fencing about buying or selling, don’t hesitate to call. Thanks and have a great day!


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