The media spin on interest rates predicts all sorts of things happening in the markets.

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Activity in the Greater Cincinnati real estate market is fairly predictable.  Rates rise, prices normalize and the housing market is more balanced. Sure they went down a little and we saw an uptick in mortgage applications but the rates make houses less affordable.  Some neighborhoods are still commanding a premium so review recent sales with your Realtor® so you don’t overpay.

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If you’re not sure about the rates quoted to you take time to check other lenders.  A lender with access to a large portfolio of lenders may be able to give you a better rate.  According to Freddie Mac during periods of high-interest rates, you may save money by shopping around.

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