Have you been watching the market lately? Interest rates are rising. What does this mean for you?
Interest rates have an impact on your buying power if you are financing your home purchase. In the past couple of weeks rates have climbed 0.5% – .75%, enough of a difference to impact what you qualify for when purchasing a home. If you have already been pre-approved you will want to reach out to your lender and discuss where you stand in terms of the amount you feel comfortable financing.
Here are a couple articles that will provide more insight into this shift.
If you need a referral to a great lender, please give me a call at 425-971-8865 or email me at Tracey@KatrinaEileen.com. I’m here to be a resource for anything real estate or community related.
All the best,