--

Whats All This Talk About Interest Rates Rising In Visalia CA

Dated: February 8 2019

Views: 248

The ring of 2019 sounded like it was going to push buyers into the market quickly as rates were expected to rise fast! Experts have suspected that rates would rise into the 6's by the end of this year.  Image titleWhat we have seen so far has been the opposite. In Visalia, CA rates dropped the beginning of the year and have continued to stay low for now.  Our in office lender has suggested in our past sales meeting that the speculation of rising rates may have been an over statement. We are expecting another great year in the life of real estate. 

Debbie Carlson contribute to Money.usnews.com says,  "RISING INTEREST RATES are having a ripple effect across the housing market as the Federal Reserve increases borrowing costs.

Analysts expect the Fed to raise rates again in December and possibly a few times in 2019. The effect of the Fed’s rate hikes is seen in mortgage rates, which are about 100 basis points higher compared with a year ago at nearly 4.9 percent for a 30-year fixed rate mortgage.

October housing starts data also fell short of expectations. Homebuilder sentiment is falling amid rising mortgage rates and stronger home prices, according to the most recent monthly survey by the National Association of Home Builders/Wells Fargo Housing Market Index. The survey data show that builder confidence dropped eight points to 60 this month; it was 72 at the beginning of the year.

Experts say some areas of real estate and certain regions may hold up better than others with rising interest rates."  See the full article, http://https://money.usnews.com/investing/real-estate-investments/articles/how-will-real-estate-withstand-rising-interest-rates

Want to Advertise on this Site?

Latest Blog Posts

5 Things To Do When Writing An Offer

When is the best time to write an offer? Being the first one to offer is so difficult because "What if you underbid?" or "What if you overbid?" I think writing an offer near the time the

Read More

Credit Repair A Letter Revealing Common Errors Found In Credit Reports

One common statistic that all reports suggest when determining the number of errors that exist on credit reports is...A LOT.

Read More

HOW MUCH LEVERAGE DO TODAYS HOUSE SELLERS HAVE

How Much Leverage Do Today’s House Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short

Read More

Are You Expired In This Hot Market

 http://https://www.instagram.com/p/CMCBLY-MHC4/?igshid

Read More