Can Interest Rates Only Go Up?
Friday, May 04, 2012
Freddie Mac just released information showing that interest rates have reached a new 50-year low. Though interest rates have historically reached lower points (ie. 1900-1920 and 1935-1955), it's hard to imagine them plummeting any further. Market analysts are expecting interest rates to start climbing again and, in preparation for such a climb, many of our past clients at the Hallmark Realty Group in Richmond, Virginia have looked at refinancing their homes while new clients have been coming in droves to lock in their lowest possible rates. Our investor clients have started picking up more homes in hopes of capitalizing on their investments.
It's a phenomenal time to capitalize on such low interest rates. Contact us today to get the process started!