We have heard a consistent grumbling from clients, friends, families – even people sitting next to us in a restaurant – about interest rates going over 4%. We have been spoiled with these historic low rates and as they start to move upward people fear they have “missed” the boat. Our friends at American Coast Title provided us with the graph that I felt we just had to share. As with most things in life, when you look at the big picture and put it all in perspective, you realize – it’s not that bad – in fact, the rates are still AMAZING! So while today’s current rate of 4.19% is higher than 2012, it’s still lower than ANY rate in the last 30 years.
So is it still a great time to buy, sell, refinance, pick up investment properties, help your children buy a home, etc…. the answer is an overwhelming: “YES!”.
Call Jeff Brang today at 626.664.9998 regarding financing or any real estate related question. He is here to help you navigate the world of real estate investments and building your family’s future.