The Market and Interest Rates
If you are shopping for a home or considering a loan to update your property, you might consider what the market is doing. Mortgage interest rates are based on the 10-Year US Treasury Index. Studying such matters may seem like a foreign language at first, but you don’t have to understand the index in and out, forwards and backwards, to understand what is happening. The higher the index, the higher interest rate and vice versa.
Also, be aware of what is going on in the world. War, tariffs, new Presidents, employment/unemployment, and trade agreements influence the market and economy we live in.
All in all, people buy and sell property because of life choices, not market choices. However, it’s wise to stay educated to know what to expect.
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