By Mel Dorman, February 18, 2021
If you have been reading my blogs than you already know the market is hot and the one thing that could slow buyers down is an interest rate hike. Well…. we just saw one. About .15-.25% increase in the last few days. Below is a graph. Green shows upward trends and red shows downward trends. The more green and the higher, the lower interest rates are. On the flip side, the more red, the lower the bar, the higher the interest rate is going to be. January 4th was a great day to lock a loan, while February 16th was not.
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
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