TERI SHAUGHNESSY REALTOR®
662 Laurel Street | Suite A San Carlos, CA 94070
Dwell Realtors® DRE# 01789302
650.504.4016
San Carlos Hills REAL ESTATE MARKET REPORT | JULY 2022
Teri@TeriShaughnessyHomes.com www.TeriShaughnessyHomes.com www.LiveInSanCarlos.com
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022
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HOW WILL
RISING RATES AFFECT YOUR SALE?
Mortgage rates are rising and have already increased over two percent so far this year, resulting in buyers questioning whether to rush into a purchase now to avoid rates climbing more or waiting in hopes they will fall. With these sudden changes, it’s natural to reflect on how this will impact your own sale.
WHAT ARE
E X P E RTS
SAYING?
INTEREST RATES ARE STILL HISTORICALLY LOW
WHAT HAPPENS IF RATES CLIMB FURTHER?
While buyers contemplate their options, it’s
Buyers who are springing into action now
important to think about historical context.
are also motivated as they know rates
Rates are still comparatively low when you
have risen steadily this year, and they’re
look at the bigger picture of where rates
eager to get ahead of further increases.
have been in the last 30 years. Today’s rates
When rates climb, they impact mortgage
still give buyers a window of opportunity to
payments, likely costing more to purchase
lock in historical rates.
if buyers wait.
As inflationary pressure remains, it’s likely to push mortgage rates even higher in the coming months, though moderately. Experts recommend that if buyers are financially secure, they should continue looking for a home now.
Leonardo and Angelica, Take advantage of the still historic interest rates; NOW is the time to sell and find your next dream home! When rates go up, your buying power decreases, and you will end up paying MORE for your next home. Call me at 650.504.4016, and let me help you achieve your real estate goals!
PRESENTED BY TERI SHAUGHNESSY YOUR SAN CARLOS HILLS REAL ESTATE SPECIALIST
Prepared Especially for
Leonardo and Angelica Washington