Rising Rates!!!!
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
WAITING IS NEVER A GOOD IDEA
- Rising values
- Rising rates
- Need to live somewhere
- Real estate is driven by need not interest rates
- You and I CANNOT time the real estate market
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THE LAST 5 YEARS RATE LEVELS HAVE BEEN...
HISTORICALLY LOW AND SIMPLY COULDN’T LAST
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MORTGAGE RATES ARE TIED TO BOND MARKET
INFLATION RISES, BOND GO DOWN, INTEREST RATES GO UP.
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YOU SPEND THAT AT DUNKIN DONUTS!
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BUT THEN DON’T FORGET ABOUT THE TAX BENEFITS
CHECK WITH YOUR ACCOUNTANT FOR SPECIFICS ON YOUR DEDUCTIBILITY
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MAYBE I’LL WAIT FOR THEM TO COME BACK DOWN
- Forecast is they’ll continue to rise
- Nothing pointing to them going back down
- Waiting will likely make you lose more ground monthly
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YA KNOW WHAT THE PEOPLE WHO BOUGHT AT 12, 14, 18% DID WHEN RATES CAME DOWN?
RE-FI’D! AND THEY HAD GREATER DEDUCTIONS
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EXPERT OPINION IS TYPICALLY
MORTGAGE RATES HAVE TO BREAK 9-10% TO HAVE A SIGNIFICANT IMPACT ON BUYERS
COULD BALANCE THE MARKET
RATES RISING A BIT MAY ALSO MAKE LISTING LAST A BIT LONGER GIVING MORE CHOICE
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