The Federal Reserve recently raised the prime interest rate, but that’s not the end of it. We can expect a total of four rate hikes in the next 12 to 18 months. So, what does this mean for Real Estate Clients?
1. Waiting a few months to buy may result in waiting a few years to own
In the short term, a small rate hike affects many buyers on the bubble from qualifying for a mortgage. Some of these buyers …