interest rates: What's holding you back? - 03/21/19 12:04 PM
Many Tredyffrin Easttown home buyers today are frustrated because interest rates are low and they want to buy a home but the number of homes for sale is not keeping up with demand. This being said, many buyers are so used to low interest rates that they are not aware of just how low these rates are and any uptick is making them hold off purchasing as it impacts their buying power.
So let's look at this logically for a minute.
1981 saw mortgage interest rates at 18.63%. Since then they have steadily declined. They hit bottom in 2012 at 3.31% according to … (15 comments)

interest rates: How much longer? - 07/16/14 06:02 AM
How much longer?
 
How much longer you ask will interest rates remain steady? How long do I have before I truly, really have to buy a home before the rates knock me out completely? Well they rose about 1% since last year. Many homeowners already fear moving because they have refinanced and have a low interest rate, maybe in the 3% range right now and don't think they can get such a low rate again. Although there are options that will allow you to buy a home and get a 3.82% rate right now.
 
But why are you thinking … (2 comments)

interest rates: Interest Rates and Home Prices - 01/22/11 03:50 AM
Interest Rates and Home Prices have been talked about a lot by economists and how important it was for the interest rates to remain low so that the housing market could recover. Well, the ugly truth is that the government listened and has been keeping interest rates artificially low to spur the economy along, but those days are numbered and that means that if interest rates rise there is a big question about home prices.
If interest rates rise will the housing market collapse? Will home prices go down further? How will this affect sellers, will we see more short sales? … (1 comments)

 
Nick Vandekar, 610-203-4543, Selling the Main Line & Chester County (Realty ONE Group Advocates 484-237-2055)

Nick Vandekar, 610-203-4543

Selling the Main Line & Chester County

Downingtown, PA

More about me…

Realty ONE Group Advocates 484-237-2055

Address: 92 Lancaster Avenue, Devon, PA, 19333

Office: (484) 237-2055

Mobile: (610) 203-4543

Some thoughts and ideas about Tredyffrin Easttown, Main Line and Chester County Real Estate that might help you when you buy or sell.



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