How is the Government Shutdown Affecting Rates Now?



Welcome back to my video blog! For a while it seemed like all you heard about was the government shut down. How did it affect our market? I asked my good friend, Wade Byers from Benchmark Home Loans to join us today and explain what’s been going on.

During the shutdown we did see an increase in interest rates to about 5 percent. I have good news, though, for those of you who thought you missed your window. Rates have dropped down to 4.25 percent; now is a phenomenal time to be in the market.

It’s important to not wait too long to make your move. After the first of the year we expect the Federal Reserve to possibly pull back on the quantitative easing causing interest rates to increase again.

Many people think that the winter isn’t a good time to sell. The truth is that there are fewer homes on the market and that means less competition for you. Statistics show that December has more activity than October or November.

So if you are considering buying or selling, please give me a call!

Thanks for watching!

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