Interest Rates and Opportunity

Posted by Pam Brauer on Thursday, November 22nd, 2018 at 3:37pm.

Interest Rates

Rates are on an upward trend, and have been for 14 months, and there’s no sign of it slowly creeping upwards. 


Opportunity for the next 6-8 months:

Rates are still historically low and home prices are still on sale. Any clients who can buy should take advantage now. Don’t wait! 
This year we’ve been seeing incomes climbing steadily (oil & gas workers and business owners) who have the required 2 year income history to qualify for a mortgage. We feel that this trend will continue which is indicative of a strong 2019!

MOPOLO 

I highly recommend all of my clients downloading this app,It is so valuable to all buyers and sellers!

Some of the benefits of the app are:


-Free credit report
-CMA Online valuation
-Interest rate updates
-Mortgage calculator
-Take photos and store them of household valuables for possible future insurance claim.
-This is an effective retention tool. Helps keep you inside the Regional/Lapp Team fence!

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