The Latest on Interest Rates - June 23, 2021
Interest rates are still low compared to the lows that were set around Christmas of 2020. It is a safe estimation that if you are waiting to get into the real estate market and get qualified for a loan, the cost of waiting is going to increase and become more expensive. Rates are projected to end in the high 3's this year. Reasoning behind the increased cost of waiting is due to a sense of normalcy returning to society in addition to an influx of cash caused by stimulus checks. With more money in the economy and increased consumer spending, we can expect to see rates increase in an attempt to battle inflation. If you currently are or have recently considered purchasing a home, these are likely some of the lowest rates we will see for quite a while. Our team is equipped and eager to serve you and your real estate needs. We have been successful and aggressive with serving our clients to ensure that they get into the home of their dreams at a great price.
For more questions on this or to see how we can get you in contact with one of our preferred lenders, give our office a call at 512-537-4977 today.
