TGIF! Interest rates are on the rise - what does this mean for you? We've got you covered.
Well - now we know...interest rates are on the rise. Baby steps right now, but nevertheless this will be the latest game changer, and probably the thin end of the wedge.This will be the difference for the "wait & see" buyers sitting on the fence - an increase in mortgage rates makes a much greater impact on the cost of a home than relatively minor price adjustments. If you are a buyer or know someone who is, this is the moment to get a rate hold - have your interest rate capped for the longest available time - then get out there for serious house hunting! If ever there was a time to take advantage of the services of a good, experienced mortgage broker, it is now. Know what your options are and which is the best plan for you.
As our weather becomes colder, please remember those who are in need of some warm clothes. Our Greater Vancouver Real Estate Board's annual REALTORS Care® Blanket Drive is ongoing next week - it's not too late. Please bring any blankets, socks, hats, gloves, warm jackets etc to our office and we'll deliver. If you need us to pick up from you, please call to arrange.
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Whatever the weather, we still have you covered.
Enjoy the season - Sheila and Michelle.