The Reality of Interest Rates

While we may not see mortgage rates below 3% again for some time, rates are still historically low when compared to the past five decades (see historical rate data in chart below). The Federal Reserve’s target rate is 2.25%-2.5%; we expect rates will continue to rise and may not be this low again for a while. Now is as good a time as ever to buy, since we expect that rates will rise and real estate will appreciate. We believe Gary Keller stated it best: “You can wait to buy real estate or you can buy real estate and wait”.

The Rakela Team
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