Blog

Weekly Market Update: The Cost Of Waiting

As you know the Fed hiked the rate which forces prices are down, and rates are up. We are still in a “floating mindset”- with the DOW down and home appreciation up. Everyone knew that the rate was going to go up, so interest rates were only affected slightly. If there were a “surprise rate” increase, then there would have been a shock to the market which sometimes leads to increased interest rates.

The video references the chart above.

As interest rates and home prices rise, it’s important to understand the potential cost of waiting when considering a home purchase.

Take advantage of our free “Costs of Waiting” analysis.

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.