Buying a San Diego home? Search all homes for sale
It’s already late March, can you believe it? A few weeks ago, the Federal Reserve raised the discount rate by 0.25%. Many expected mortgage rates to follow suit, and they did for a while. The markets were preparing for an even greater increase than the one we got, so rates went up for a bit and then came back down.
However, the Fed confirmed that they plan to raise the rate at least once if not twice again this year. That will make homes more expensive for buyers. It could also push some of them out of the market, which is bad for sellers.
“The Fed confirmed that rates will go up again.”
If you’re thinking about buying or selling, it would make sense to do it sooner rather than later. Lock in a low rate now before they go up even further. I happen to help people buy and sell homes for a living so if you have any questions or need any help reaching your real estate goals, give me a call or send me an email. I look forward to hearing from you.
