Rant - Interest Rates In Perspective
/Interest Rates In Perspective - Today’s RANT
Recently I was discussing a beautiful property that a client really like, it fit all their criteria but there was one problem… the interest rate at the moment was too high for them. Today’s rates are in the low threes and they are there after some historic lows and lots of federal stimulus. What I am trying to say is there have been some crazy events happening including a recession, depression and a pandemic which caused the government to keep the rates low… yet this couple thought they were still too high.
So I had to take a moment to explain how we got to the rates we have now and how ridiculously low they were historically speaking. In the video I give my thoughts and look at rates in the past in comparison to today to get a better perspective.
The reality is rates are very low, them going lower is just hard to imagine, especially with all that happen to get here. I always try to keep my clients well informed so they can make an educated decision but sometimes the expectations are just realistic… so I create a RANT video, LOL.
With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate. I strongly feel an informed and educated consumer will be more confident & make better decisions.
Have questions about this or other topics, do not hesitate to contact me.
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Luis Cuevas, Broker/Realtor®
Serve Realty
(214) 783-0535
Luis@ServeRealtyTx.com
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