(702)379-3401 www.DaveRadcliffeVegas.com---
Increasing Interest Rates Affect Home Ownership and
Affordability---We’ve been hearing a lot about what may happen with
interest rates. Dave Radcliffe of the Radcliffe Group at Keller Williams Realty Southwest Las Vegas speaks to Chris Binney of Raintree Mortgage
on the topic of interest rates. Chris has noted there has been a little
pull back (meaning reduction in rates) that has been great for
purchases and refinances. Changes look to be on the horizon. The Fed is
ready to stop buying all the bonds; and that will cause the rates to
increase. Prior to 2007 the rates were 6%, there is no surprise that it
is going in that direction in the near future. We are anticipating rate
changes by the first or second quarter of 2015 will start moving to
upper 4%’s to low to mid 5%’s. As rates go up, and prices go up, home
ownership will be less affordable for buyers. For Sellers, it reduces
the buyer pool for those who can qualify. Now is the time to sell before
the busy holiday season kicks into full swing. Give us a call to learn
what your best options are for your home sale, purchase, or refinance,
the Radcliffe Group will put you in touch with Raintree Mortgage. (702)379-3401 www.DaveRadcliffeVegas.com
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