Jun

9

Interest Rates: The Trend Is Up

Filed Under Buyers, Sellers, Sellers & Buyers |

I have a few slides worth taking a look at regarding real estate interest rates. Again, these slides feature expert analysis on the topic. This topic happens to be about mortgage rates, where they’re going and why you should be concerned.

As a buyer, it’s no secret that now is the time to buy. Interest rates are low and prices have dropped. My previous article about the importance of a low interest rate is worth reading or reading again!

The impact of inflation on interest rates is something Lawrence Yen, Chief Economist for the National Association Of Realtors, talks about in much of his continuous expert analysis of the market.

may-buyer-inflation-slide.jpg

And as for where the interest rates are going. The data suggests that rates are rising and will most likely continue to rise with economic trends.

may-buyer-interest-rates.jpg

Lastly, while buyers may take comfort in that they still can continue to rent, they must also realize that with the increases in energy costs, taxes and general living expenses, this also impacts the cost of rent. And with renting, tenants don’t get to write off any of this expense, like a homeowner can write off mortgage interest.

may-buyer-rent-increase.jpg

So with the trend of interest rates seemingly increasing, it may be a prudent time to review your options. If you have any questions, please feel free to call me anytime!

Now for sellers, with interest rates so low NOW - this is definitely one of the best times to sell, if you need to sell. Again, sellers must look at their situation for what it really is and determine on their own what course of action they will take. I am also available anytime to discuss the market in a much more comprehensive manner.

(c) Copyright 2008, www.tommcgiveron.com

Call me 1-877-SOLD-123, ext. 51


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  1. Tom McGiveron | Long Island Real Estate Market | Suffolk Homes on July 31, 2008 1:50 pm

    […] bottom line. I know for me, personally, I pride myself on being “in the know” about mortgage markets, where they’re going and how it will effect both my selling clients as well as my buying […]