SO, What's up with these Interest Rates?

Dated: March 17 2022

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             SO, What's up with these Interest Rates?

I have been asked several times recently “What is happening with interests rates?” So, here is my response. We have seen a slight increase in interests rates as of late and some more increases may be on the way because interest rates tend to follow inflation. However, we must keep it in perspective seeing as how we have just experienced some of the lowest rates of all time therefore even the slight increases still result in amazingly low rates when viewed in light of history. These great rates make it possible for buyers to be able to afford much more house than they would have been able to when interest rates were hovering around the 8 point mark. In 1980, 30 year mortgage rates were as high as 19 or 20%! Wow! So in conclusion, don’t let the small rise in interests rates keep you from buying a home now. The time is right!

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