Rising Rates

Financing, Hard Money Lenders, Private Money
1

Interest rates seem to be going up, and fairly quickly.

Maybe that will motivate some of the potential home owners who have been sitting around waiting for the bottom to jump in before they lose the option of a very cheap mortgage.

Quoted 5 - 5 1/4 yesterday. That’s a big jump from 3.75 - 4%

My bank is still only paying .01% on passbook savings accounts.

2

The question becomes ‘how can I get into the market soon?’ as opposed to 'when should I enter the market? right?

Reminds me of a famous quote in real estate:
“When was the best time to buy a property? Twenty years ago.
When is the best time to buy a property? Today.”