Keeping Interest Rates in Perspective

Keeping Interest Rates in Perspective

Are you looking to buy a home? Then you might be worried about interest rates, but how much do they really matter?

With the recently passed tax cuts adding to deficit fears, the Fed is expected to raise short term interest rates. While this means an anticipated rise in the 30-year fixed mortgage rate from from the current rate of 4.33% to 4.6% by the end of 2018, I thought it might be of interest to consider the bigger picture. While rising interest rates are of course a concern to the average homebuyer, it is interesting see so starkly that this anticipated rise still leaves mortgage rates at historically low levels.  For a fuller discussion of the dynamics at play in the mortgage market, this article in Kiplinger offers a good overview.

 Sletten Real Estate Group | Park city real estate | Mark Sletten

 

By | 2018-04-24T14:00:39+00:00 February 24th, 2018|Market Update|0 Comments

About the Author:

Hi, I'm Mark Sletten, and I love Park City. I've been selling real estate in here since 1994 and have been involved in over 400 residential and commercial transactions. My preferred way of selling luxury residential and development property is to partner with experienced agents and discriminating buyers who are ready to capitalize on the opportunities Park City offers. Let’s use my extensive local market knowledge with your expertise and interests find you the perfect property.

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