Across the Country, Home Sales Doing Well in Fall 2016

HouseWrappedWithBow_BuildWealth Across the country, homes are selling pretty well as we enter the holidays. This very well could be a result of interest rates beginning to rise. In the last month alone, the average interest rate for a mortgage has risen about 1/2% and it’s expected they will rise to 4.7%-5.3% during 2017. The increased interest rate will no doubt cost home buyers more and/or reduce their purchasing power. Smart home buyers will jump on the market sooner than later to get the best interest rate possible along with the best home pricing possible before the spring housing rush begins in 2017.  Check out the latest information from the National Association of Realtors regarding the pace of housing here.