When real estate interest rates go up, some panic. Some hunker down and become paralyzed, and some focus.
And – start to wonder if they have not reached out to you since rates have increased over a full percentage point… 🙂
Let them know you are still having your real estate agent hunt for homes that fit your needs and ask them if your “approved for” amount has changed?
For a buyer that was able to purchase at 400k – they are cut down to 355k with a 1% increase in interest rates – from 3.5 to 4.5%.
Something you should be aware of, Lenders are only as good as their ability to help their clients. We have a resource that will help you find the BEST Santa Clarita Lenders from a local agent’s point of view.
Thanks for listening to the rest of our Santa Clarita CA Real Estate radio show. We talked about other stuff too 🙂