Updated 10/10/2023
There are some financial indicators suggesting interest rates might come down a little next year. I’m keeping my fingers crossed but not holding my breath as it appears interest rate ups and downs run in 12 to 18 year cycles. If so, rates will continue up for the next 10 years before they crash again. Â
Interest rates were raised by the Federal Reserve Bank “to slow the inflation” caused by the over lowering of interest rates by the Federal Reserve Bank the previous few years and our over 30 trillion national debt. Click here toSee Government Borrowing In Real Time. Federal debt always aligns with inflation.
To keep the real estate economy rolling, it’s likely, more creative loans will likely be returning. Low or no income qualifying loans, ARMs (adjustable-rate mortgages) that offer a discount for the first few years to help people qualify, 40 year mortgages and even interest only loans, may all come back!. (Just like the good old days of the early 2000’s)
If you have any questions, feel free to call me. Alex Schauffert 707 332 8301
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