Interest rates are increasing. You have heard about it and you are now starting to see the fluttering signs of inflation. Ok, that is a little dramatic but with the treasury issuance of the large amount of US debt the interest rates are starting to climb. Why does this matter to me? Well, let's think about it this way. As a rule of thumb if interest rates climb 1% you will need the homes to decline 10% to pay the same amount monthly. Wow! Pretty shocking huh? I can promise you in our market if you think that we are going to get a decline of 10% in home values anytime soon you are crazy. It will not happen. If anything, if the fed does not handle inflation properly, we will see home values surge. Think about all of the stimulants that have been sent by the fed. This is your time to buy or move up. For a more detailed consultation of your paticular situation please feel free to give me a call at 405-922-2968 or visit my website at www.JasonSellsOklahoma.com
Comments(0)