…as interest rates rise, market dynamics shift. Personally speaking, I intend to buy another property or two this year. If you’re looking to buy or sell, please call Rob at 719-440-6626.
…this is a great place to live, as evidenced by the sixteen month rise in home prices and sales we’ve seen in our city.
This is good news for sellers. Additionally, combined with still near historically low mortgage rates, buyers who are looking to move into the city can still get good deals!
Looking to buy or sell in Colorado Springs, please give Rob a call at 719-440-6626!
How much do interest rates affect housing? Likely significantly. Courtesy of Empire Title, mortgage applications nationally have fallen for week over week for four weeks now and are the lowest since July 2011. Also, refinances are down 20% in the last month and purchases have fallen 6.9%.
What does that mean for you? This is just my opinion but I think this translates into more advantage to a buyer. If you want to sell your home, you may want to list soon to capitalize on what are still phenomenal mortgage rates. The same goes for buyers; the numbers above seem to me to indicate an increase in a buyer’s power, as well.
Interested in buying, selling or renting in Colorado Springs, please call Rob @ 719.440.6266!
…here’s a good reference for your review. It charts mortgage rates over the last few decades. Very interesting information!
If you’re looking to buy, sell or rent in Colorado Springs, please consider calling Rob @ 719.440.6626!
This is good news for buyers, in particular. It’s not bad news for sellers, either, as it means people can afford more home.