Well, we knew it couldn’t last forever. Over the past few years, we have enjoyed long-term interest rates between 3% and 4%, combined with relatively low post-recession housing prices. This has created a great opportunity for homebuyers to enter the housing market.
But it seems like the writing is on the wall. This week mortgage rates rose above 4% due to the uncertainty caused by Donald Trump’s unexpected victory and the expectation that the Fed will finally raise the Fed rate after so many false alarms.
If you have been on the fence about buying a home, it’s time to JUMP OFF THE FENCE.
Give us a call at Best & Cavallaro (860.435.2888) and we would be happy to help you find your home or real estate investment.