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Interest Rates

The party is over for interest rates in the 3% range. It is back to reality and normalcy. Rates around 6% may become the new norm as the FED tries to slow down borrowing and hence, the economy. Economic indictors remain good with existing home sales the one negative. A combination of rising prices and interest rates have hurt existing home affordability. Is it a good time to buy? Yes, as the measures being installed now will steady inflation and afforability. Hopefully, we are in a period of calm in our housing market. Housing supply remains an issue, prices are steady as are interest rates. If you are looking for a good time to buy this is probably the best you will see for the next few years. Come talk to us and see if we can help you get to your housing goals.

 

 

 

 

The Partner Network Danielson 860-779-1939

The Partner Network Norwich 860-887-1145