Anytime rates are on the rise, it means that something is spurring underneath with the economy. This is good, and although we aren’t there yet it will just take a little time. Clearly, with rates going up, I have had a lot of phone calls from families on whether or not to buy or whether or not they should be refinancing. The answer is a resounding YES!
You don’t want to be going into another year in which rates could potentially drive up very high, we just don’t know for sure. With rates being so low in more than 50 years, it makes it a great time to refinance or buy a home if you have been on the fence. Making a move could mean the difference between paying $20 more than you are paying now per month, or paying $100 more per month. We just don’t know how all of this will impact us, but I would certainly urge you to call me today before this happens. Why more than you have to; I certainly wouldn’t.
-Mayer Dallal
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