Buying real estate and the rate hike.

So there have been a lot of hints that the feds will raise the interest rates this September and though we won’t know for sure until it happens, this may be your last chance to cash in on historically low interest rates. If you are looking to buy a home now is a good time to go and lock in that low rate with a local lender. Even a 1% rate hike can mean tens of thousands of dollars over a 30 year loan. It will also become harder to get financing as banks will have to be more careful in their qualification process. With home prices still at a low in the Upper Valley area and with only a month or two until a potential rate increase now is the time to make your move on a new home. Be sure to contact an experienced Realtor to help you through the process. We are happy to help and with over 35 years in the business, we are the right choice. Click here to contact us and get started today.