Are Interest Rates Going Up?
Well isn’t that the million dollar question? Are interest rates going up? Chances are interest rates will go up, but honestly no one has a crystal ball. Interest rates have been at histoical lows for quite some time and The Federal Reserve Bank has been talking about raising interest rates for a while now.
If interest rates are going up and you are considering purchasing a home hurry up before the home of your dreams gets out of your reach. With higher interest rates your purchasing power will go down. So the higher rates will go the lower your purchasing power and the more expensive it will be to purchase your dream home.
Even with an interest rate hike overall interest rates will still be low compared to what they used to be.
If you are looking to purchase a home in or around Woodbridge VA The Claudia S. Nelson Real Estate Team can help you. You can search for homes for sale right here:
You can also call Claudia S. Nelson with Keller Williams Realty to set up a time to discuss all your Real Estate needs.
CALL 571-446-0002
