As Real Estate Brokers, we enjoy seeing low interest rates for our clients. I do believe these lower rates will continue this year. However, if at the end of the year interest rates increase you should be aware of how this may affect the buying market. Inventory of homes for sale has been and is low. If interest rates start to move up, this usually motivates any buyers that have been considering buying into the market. With this rush, bidding wars start and prices increase. FYI.
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