Nw Dream Homes 4 U Blog News on Mortgage rates

Last week the Fed decided to leave interest rates a 0-.25% and while we don't know how long they will leave it at the current level. This is good for anyone looking to buy or sell Real Estate property. I find myself reminding those in the market that the historical normal interest rate is 4% for the FED and 6% for the consumer (anyone getting a mortgage). We will see 6% interest rates again and while the Fed has not raised their interest rates in ten years we have seen interest rates climb from the lows of 3% to 4.75 % and back down to today's rates of 3.25%So to those who would like to buy Real Estate, I say buy now or pay more later and for those who want to sell Real Estate, sell now or take less later. Remember the higher the interest rates the less a buyer will be able to pay for that home.