The initial reaction for potential home buyers is to panic but according to experts, don’t panic and just continue to pursue real estate ventures. This is the time to invest. It was after Memorial Day when interest rates peaked at 5.81% before it slowly dipped down last week. Consumers should be taking advantage of this because it is the right time to get that loan that you’ve always wanted and lock in the interest rate if there is still an increase in the trend. According to Richard Webb, a Realtor for Coldwell Banker Ed Schlitt, “”You’ve got to get in now while the getting’s good.” He’s expecting that there will be an increasing trend of rising interest rates for the global economy until the end of 2009.
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June 21st, 2009 at 10:06 am
Interest Rates Continue to Rise, Experts Say: Don’t Panic
Tags: interest rate increase, interest rate real estate
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