Rising Interest Rates



How Rising Interest Rates Affect You

Welcome to my video blog! I appreciate you tuning in!

You may have heard about the increasing interest rates lately. In fact, rates have increased by a percentage point over the past two months.

What does this mean to you? If you are thinking about buying or selling, now is the time. Buyers need to take advantage of the historically low interest rates. Sellers need to take advantage of the buyers’ demand.

Increases in interest rates affect the buying power for everyone. If you have a $350,000 loan, every percentage increase is an additional $200 to your monthly payment. That’s why you need to act now! Get the most house for your money!

If you have any questions, please call me at 562.316.2915 or send me an email at Melinda.Elmer@gmail.com

Thanks for watching!