Before the Fed raised the interest rates "experts" predicted that its impact would be negligible. They were wrong. Barely a week after the rates went up, mortgage rates slipped from 3.97% to 3.96%. Not that huge a dip but it is expected to stay that low for months. Good news for real estate investors I suppose.
When the mortgage rates dip that low then it means those with existing mortgages will have an advantage. Am I right on this assumption? That is the best time to invest in real estate because of the low prices. However, since the fluctation of prices are sudden and unpredictable, investors should be wary not of the surge but the dipping further of the prices. And investors of real estate should have in their mind the long term investment for such and never expect to re-sell their invested property soon.
In many areas of the country the housing market is meh, and wages are double meh. Mortgage rates declination don't surprise me.
