I've been asked a number of times over the past several weeks to predict the short-term future with regard to interest rates. Thankfully, I've become rather adept at reminding folks that I abandoned prognostication years ago. These are, however, intriguing times, with sellers playing offense and upward twitching interest rates heightening apprehension that a long-awaited steady climb may be next. There is reason to believe it, but no reason to panic – Yes, every upward movement in interest rates undermines purchasing power, but a moderate climb to more sustainable rates would likely be accompanied by expanding inventory. A bit less monetary strength but a bit more to choose from – certainly no crisis. Above all, buyers should remember that any interest rate below 7% is, from a historical perspective, remarkably low. There's a lot of distance between today's 4.125% and that benchmark, so be advised: For buyers and sellers alike, these are the good old days.
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Uncategorized • July 1, 2013
Interest Rate Upticks – Navigating Choppy Waters
by Matt Crile
Uncategorized Interest Rates – An Interesting Tale of “Then and Now” Keeping Current Matters keeps ’em coming with yet another great article. This one distinguishes today’s lending market from the market that fostered a meltdown. Enjoy! There’s No Reason To Panic Over Today’s Lending Standards Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior […]
Uncategorized And Where Things Seem To Be Headed… On the heels of my latest post related to the recent history of interest rates comes a new post related to their anticipated future. I struggled a bit to wrap my mind around the advice attributed to Mark Fleming at FATCO, but think I get his drift. Beyond that, it’s a wonderful look at the […]
Uncategorized Historic Mortgage Rates? Here’s A Chart That Says It All I had a wonderful time hosting Dave Duty of Options Financial Residential Mortgage as the guest speaker at the Hillsboro Rotary club yesterday. He did a great job detailing the historic nature of today’s mortgage lending environment. As it happens, the infographic below came across the transom from my friends at Keeping Current Matters, and […]