What Do Rising Interest Rates Mean for You?

JAN 4, 2017-1 MIN
Ricky Aranda Real Estate Podcast

What Do Rising Interest Rates Mean for You?

JAN 4, 2017-1 MIN

Description

<div style="text-align: center;"> <br /> <iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/0CrCVLDUAO0" width="480"></iframe> </div> <div style="text-align: center;"> <br /> <i>Interest rates recently went up. What does that mean for buyers? Will they continue to rise? I’ll go over everything you need to know today. </i></div> <br /> <div style="text-align: center;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><b>Want to <a href="http://rickyaranda.boldleads.com/" target="_blank"><i>sell</i></a> your home? Get a FREE home value report.</b> <b>&nbsp;</b></span></div> <div style="text-align: center;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><b>Want to <a href="http://tucson.emprearealestate.com/" target="_blank"><i>buy</i></a> a home? Search all homes for sale.</b></span></div> <div style="text-align: center;"> </div> <br /> Recently, interest rates went up. What does that mean for you? <br /> <br /> <b>Rising interest rates are not a bad thing; in fact, they indicate that the economy is improving. </b>Ultimately, it’s still a good time to buy a home because you won’t have to pay the 9% interest rates of the past. Depending on your credit score, you might not have to pay more than a 5% interest rate. <br /> <br /> However, we recommend locking in a low interest rate on a 15-year or 30-year mortgage now, as interest rates should continue to rise. <br /> <br /> <div style="border: solid 1px #c9c9c9; display: block; margin: 0 auto; padding: 20px 10px; width: 80%;"> <span style="color: #5b5e95; display: block; float: left; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px; position: absolute;">“</span><br /> <div style="color: black; font-size: 20px; font-weight: bold; margin: 0 auto; padding: 0 10px; text-align: center;"> Interest rates will continue to rise, so now is a great time to buy. </div> <br /> <span style="color: #5b5e95; display: block; float: right; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px;">”</span> </div> <br /> <br /> With the new year, our market will have a lot of activity. However, inventory is still low, so make sure you get pre-qualified now. That way, when your dream home comes on the market, you will be able to make an offer right away.<b> Getting pre-qualified also gives you an advantage in this market,</b> as we are still seeing multiple offers due to low inventory. <br /> <br /> If you have any other questions about interest rates or our current real estate market, just give me a call or send me an email. I would be happy to help you!