Rate Rises Delayed
Since mid to late 2015, everyone and their brother has predicted, early and often, that interest rates would rise, and the first rate increase occurred last fall. However, since that event, the Fed has been sending a continuous stream of signals that it may be a while before they follow with any other increase(s). The reason is simple. They do not want to smother any of the ongoing economic recovery, and fear that too many increases could do just that.
What does that mean for you? Simple! Rates appear likely to remain in their present neighborhood for at least a while, and this is good regardless whether a Buyer or Seller you may be. If you're looking to purchase a home, maintaining low rates keeps your financing costs manageable. If you're thinking of selling, it gives a greater number of buyers greater affordability, thus increasing chances of a successful sale for you at a price you would like to receive.
Can we help? As always, we're happy to do so. Just give us a jingle: Peter: (415) 279-6466; Jane: (415) 531-4091.