interest rates: Interest Rates: How They Impact a Buyer's Purchasing Power
- 03/20/14 06:40 AM
Yes the interest rates ticked up today, so what? Well it is more than "so what" to buyers. For most people interest rates rising tend to be a good thing. Today rising interest rates often means that the economy is recovering, people on fixed retirement incomes are getting a little more from their savings our retirement funds are increasing. These are all good things. Reduction In Purchasing Power In real estate rising interest rates are not necessarily good things. When interest rates tick up, a buyer's purchasing power ticks down. When interest rates tick up, the number of people who could (7 comments)
Buying or selling a home should be a fun and exciting experience. While for most of us this involves the largest investment of our lives, reducing the stress and knowing what comes next can ensure you have a great experience and make this transaction a success. Your success is my focus.