Oh! Oh! Interest rates have gone up!What does this mean?A small bump in interest rates should'nt have much effect on our Real Estate Market.For buyers, they now have to set there sights on a bit
"POP" GOES THE INTEREST RATE!
Dated: March 3 2022
Views: 117
Oh! Oh! Interest rates have gone up!
What does this mean?
A small bump in interest rates should'nt have much effect on our Real Estate Market.
For buyers, they now have to set there sights on a bit less house.
For sellers, expect a rise in activity, as pre approved buyers rush to buy, before their saved rate on their pre approval expires.
Keep an eye on the trend, continued interest rate hikes will have a serious impact on house prices.
Do you know what the highest interest rate was for a 5 year fixed term mortgage in Canadian History?
Tune into our next post to find out!
Kerry Stevenson
Team Stevenson a dynamic group of sales professionals that utilize their experience and unique strategies to help home buyers and home sellers through todays challenging Real Estate Market. Their reco....
Latest Blog Posts
A staple in the residential real estate market, open houses help bring new audiences into homes, show off new listings, and keep the listing fresh in the public's mind as a listing remains active.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.