Interest rates just went up… should you wait to buy?

You may have heard that mortgage interest rates have been going up the last several weeks. And Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all predicting that mortgage rates will continue to rise over the next year.

Rather than lament the fact that you may no longer be able to get a rate less than 4%, you can be happy that you can still get mortgage rates that are significantly lower than they have been in the last 50 years!

Rates-By-Decade-STM

Next year could be the year to take advantage of both low rates and strong prices to sell your current home and make a move while rates are still relatively low.

Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor

HomesMSP Team - SharleneJohnAngela Minneapolis-St. Paul Relocation

RELATED POSTS

 

Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Dreaming about moving up to a more luxurious home? Now’s the time!

If you are bursting at the seams in your current home and have been yearning to move up to a more luxurious home the current market could be perfectly positioned...

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!
Hidden

Blog Categories

Archives

Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.