Mike Litton Real Estate

Home Loan Interest Rates Are Going Up! Here Is Why!

Home Loan Interest Rates Are

Going Up! Here Is Why!

 

 

The Federal Reserve revealed in the minutes of the last Federal Open Market Committee (FOMC) meeting that it has decided to implement a "balance sheet reduction program" of its estimated $4.5 trillion balance sheet. This will increase the  supply of mortgage backed securities, treasury bonds and other debt obligations which we believe will decrease the price and thus increase the yield of the instruments which home loan interst rates follow.

As median income continues to not keep pace with the increase in real estate prices, interest rates and other increases to the overal cost of ownership, real estate market values could suffer. Potential home sellers may want to take advantage of this opportunity to sell their home now before prices adjust lower. Home buyers may want to consider buying now and locking in very low interest rates for the locg term.

If you have questions call Mike Litton 760.802.9500 today. Or feel free to visit www.sold760.com.

As always, thanks for listening!

Please make sure to tune into The Mike Litton Show airing every weeknight at 7pm on AM1170 KCBQ Intelligent Talk!

As heard on

 

Mike Litton Real Estate Expert On Mr. Credit

 Mike Litton Real Expert On Mr. Credit

Real Estate Expert

760 KFMB

 Real Estate Expert

 

Mike Litton Real Estate Expert On Mr. Credit

 

Real Estate Expert

As seen on

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Mike Litton, SFR, CDPE, FSP, PSC

Broker/Owner/Realtor

Keller Williams Realty North County San Diego

760-802-9500

reomike@cox.net

www.littonrealtygroup.com

DRE License #01129886

 

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