Interest Rates On The Rise Dont Miss Your Window To Buy Or Sell

Interest Rates On The Rise Dont Miss Your Window To Buy Or Sell

The last two weeks have seen interest rates jump to 2015 highs.  The German bond market is mostly to blame for recent hike.  The price of bonds jumped from .05 to .61 almost overnight.  This is an inflation rate of 1,220%.  We expect to see interest rates float down a little over the next several months but the fed has repeatedly, increasingly and firmly indicated that rates will go up towards the end of the year.

The other trend we're seeing is home prices on the rise.  There is a ton of job growth in the area and the vacancy rate for renters is extremely low and going lower.  This trend does not look to change anytime soon. Larimer County just reassessed property taxes and home values went up an average of 13%. 

If you're looking to buy, now may be the time to jump before you're facing higher prices and higher rates next year.

Sarah Rowan Headshot
Phone: 970-397-5774
Dated: May 11th 2015
Views: 359
About Sarah: Sarah was a licensed real estate agent for 10 years before transitioning into the mortgage industry ...

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