How Will Rising Mortgage Rates Affect the Real Estate Market?

During the past month, mortgage rates have moved quite a bit higher off their historic lows in the low 3% range. Read about rising mortgage rates.

Before you hit the panic button and think that you must buy quickly before they rise even higher, take a deep breath. The housing market has been the spark that has brought the economy out of recession, and, in my opinion, the Fed is not about to kill the goose that laid the golden egg.

In any event, there are other good reasons to buy sooner rather than later besides taking advantage of historically low interest rates. Home prices have been moving higher, and most predictions favor a continuation of the upward price movement we’ve been seeing for the last 12 months.

If you are ready to buy now, please give us a call or drop us an email, and we’ll be happy to help you.

Aloha,

Ken