.png)
What Buyers and Sellers in the Washington, DC Area Need to Know About Changing Interest Rates
Posted by Zach Lipson on
What Buyers and Sellers in the Washington, DC Area Need to Know About Lower Interest Rates
If you’re planning to buy or sell a home in the Washington, DC area, the talk of rates finally coming down might have you feeling a sense of relief. And with good reason—interest rates have a big impact on everything from your monthly mortgage payment to how quickly your home sells. A couple years ago, consumers thought 4% was high for an interest rate. We capped out at over 8% in the last 12 months but there is something to be hopeful for. Interest rates have come down nearly a full point in the last month and the Federal Reserve has mentioned about lowering it even more. This all sounds great, but you are likely wondering what this means. I'm going to break it…
227 Views, 0 Comments