Happy Wednesday! – I hope you are doing well. For this week’s video I want to discuss interest rates and what it means to you. Interest rates have gone up significantly this year and are still on the rise. Please see below and watch my video for more details.
•If you are currently looking for a home you need to reach out to your lender for updated numbers.
•You also need to determine your max price point assuming rates go up another .25% from where they are now.
•Once you know that number you need to look at homes $25k - $50k below as most homes are selling above list price.
•If you are thinking about selling you need to get your home on the market ASAP as higher rates are going to push more buyers out of the market.
•If you are making offers and not getting them accepted, please call me to discuss our 5-step strategy for this market.
Cornerstone Mortgage Group
Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938