
INTEREST RATES ON THE RISE AGAIN
For the first time in months, the national average for interest rates are above 4% again. So what does this mean for rentals exactly? Well if they continue to climb too high too fast, the rental market will look even more attractive to tenants who might otherwise have considered buying.
Home values in real estate have actually risen a bit recently as well, so it makes sense that the interest rates could start creeping back up again too. However it's still way too early to call the slight uptick a recovery. And with lending standards tighter than ever, renting is definitely the main attraction in real estate and will be for quite some time...
Last Updated on Thursday, 22 March 2012 09:25
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