Interest Rates and Cincinnati Real Estate

Interest Rates and Cincinnati Real Estate

upward rise depicted by origami folded currency

Source: ShutterstockBasic_1828755290

Voiced by Amazon Polly

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

upward rise depicted by origami folded currency

Source: ShutterstockBasic_1828755290

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.

Graph of interest rates on mortgages

Search

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.

Need Help