How will the small spike in interest rates affect our market?

Question

BP Community!

First and foremost, I hope each and everyone of you have a prosperous Merry Christmas and Happy New Year!

I'm sure most of you have already heard about the FED's raising the interest rates this past week.

What are your predictions as far as what we can expect in the real estate industry?

Will this hurt/help the market?

What does this mean to home sellers/buyers?

I look forward to seeing what you guys have to say about this interesting topic!

Respectfully,

Justin Peters

Real Estate Professional

Matt Motil · Answer

TRID/RESPA is having a real impact on the market and sales volumes (closing times increasing). The overnight/prime rate increase doesn't affect the 10-year treasury bond that mortgages rates are tied.

How will the small spike in interest rates affect our market?

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