How Interest Rates Affect Affodability

Reblogger
Real Estate Broker/Owner with The Villages Realty DRE# 01309169
Original content by Gary Frimann, CRS, GRI, SRES DRE# 01309169

This is an inforgraphic produced by the California Association of Realtors to share.  With rising interest rates, rising home prices may take a slight pause and level out.  Over the past 32years in this business, I've seen this happen many times.  I started my career as a lender for a very large bank here in California.  Not once did anyone ask me "What can I afford" but rather asked me "How much money can I borrow?"   Rising interest rates, without an increase in wages, will most like make the current market start to cool.  That said, I don't see interest rates rising too quickly.

 

Interest rates

 

Gary Frimann
Broker / Owner
EAGLE RIDGE REALTY /
Signature Homes & Estates
"Our Performance Will Move You!"
(408) 846-8284

Eagle Ridge Golf Community
DRE # 01309169

CRS, GRI, ABR, SRES, e-Pro

NMLS ID: 349782

CA Notary Public
Commission Number 2326437

 

 

Comments (2)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Such a great stat, its is all about afforbability. Bill 

Nov 03, 2021 06:45 AM
Eagle Ridge Realty
Eagle Ridge Realty - Gilroy, CA
"Our Performance Will Move You!"

Nice post.  Very effective marketing.  Keep it up.

Nov 06, 2021 09:28 AM