It is that time of year when I always sit back and remember all I have, to be grateful for. Yes, there are always challenges in real estate and we certainly have our share right now with higher
No Crystal Ball but...
Dated: April 5 2021
When inflation is increasing to some unacceptable level, they cause interest rates to rise, thereby stifling demand. Right now we are hearing and seeing a lot about inflation, but the results of the pandemic have also caused a big increase in unemployment so the Fed has been what they call "accommodating". They have stated that they see this low interest environment to continue for the rest of the year. But if inflation continues to increase, all bets will be off.
Interest rates are at historic lows, but last week interest rates on mortgages jumped from under 3% to just over. Is this the beginning of a trend? No one without a crystal ball can say for sure, but I do believe it could be the beginning of an upward trend. I do believe that it is time to move on buying a house or selling your current one if that is in your plan for the future.
I have posted an article on my website, mnhomesbydave.com, under the NEWS tab if you would like to learn more or give me a call and I would be happy to discuss it with you. Thanks for your time
"Experience you can trust!" I am very fortunate, along with my partner and wife, Ann, to have spent my career of 37+ years helping people successfully market their homes in the Twin Cities. We have ha....
Latest Blog Posts
Since February of 2021, I have been predicting inflation would return and when it did, the Federal Reserve Board would be forced to cause interest rates to increase. This was not a hard prediction