Special offer

One Critical Benefit in Using a Buyer's Agent

By
Real Estate Agent with Re/Max Executive Realty

Interest Rate HistoryOne of the most valuable assets you have when you have a good Buyer's Agent working in your court, is to have access to a solid perspective on the market.  I met a buyer this week who was hesitant to move forward because of the upward flux of prevailing interest rates.  While it's true interest rates are creeping up, it's important to keep things in perspective.   Even a half percent increase on a $100k loan will cost a buyer less than a $1 a week.  More importantly one should consider where interest rates were just a few years ago.  A great visual for what interest rates have done in the past 30 or so years is the bar graph by year that FNMA makes available.  It's a great way to show buyers that interest rates are still at historic lows... Take a look at the real story on interest rates and I think you'll agree.  2014 could be the best year to buy a home!

Comments(3)

Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Marcia, I agree, a smal increase in interest rates should not deter home buyers from buying this year. Thanks for the helpful link,

Jan 17, 2014 12:58 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Hi Marcia,

I'm commenting here because you were the very first member of Active Rain to comment on one of our posts more than 4 years ago.

 

Thank you!

 

Feb 04, 2016 05:47 AM
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

For buyers who bought at the time of this post, well, they made out very very well.

May 18, 2024 03:24 AM