Interest Rates Move Upward A Little

I was quoted in a Bloomberg News article out today that discusses rising interest rates (link below). The article infers people may have missed the boat on the low interest rates. Just to offer some perspective from our experience, while rates may be going up a bit, it hasn’t been as bad as people think. It's just that everyone sees these 'magical' low four percent rates, but the reality is these rates aren't available for most people – many factors need to align to get these rates. That said, we have experienced a huge uptick in loan applications in the last few months and continue to close virtually all of our loans.

The factors that make up what rate a buyer ultimately receives are many, and having all your ducks in a row and good consultation to maneuver through the maze and details of the current situation is critical.

www.Bloomberg.com