Throughout January, everyone has been asking what interest rates are going to do this year. So today I have Cyd West from First Community Mortgage with me, our local expert on interest rates. We’ll discuss what’s been going on with rates and where they’re headed. We want you to be informed about interest rates so that you can make the best real estate decisions for yourself and your family.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:00 — Introduction to today’s topic
1:15 — Rates recently increased almost a full point in just one week
2:55 — The Federal Reserve will soon start tapering their bond purchases
4:05 — Look closely at how your rate will affect your payments
5:20 — An example of how a higher interest rate affects your monthly payments
6:15 — Wrapping up today’s topic
If you have more questions for Cyd, give her a call at (254) 690-3765. As always, if you are considering buying or selling or have any real estate questions, call or email me. We want to know what you’re thinking: Do you think it’s a good time to buy or sell? We look forward to hearing from you.
