Monday, September 29, 2014

Increasing Interest Rates Affect Home Ownership and Affordability


(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


Interest Rates, Affordability, Mortgage, Financing, Seller Information, Buyer, Market Updates, Raintree Mortgage

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