Posted on August 25, 2017 - 02:15 PM
by DONNA WISNIEWSKI
As a seasoned real estate professional in the state of Maryland since l977, I have seen interest rates as high as 18% and as low as 3%. While the current real estate market (sales) is increasing, so are interest rates and the cost of housing, land, and other properties. For this reason alone, those contemplating buying and/or selling may want to do so sooner, than later. The good news is that interest rates remain very low! We simply do not know for how much longer. What we do know, however, is that they are very likely to increase. This means you will likely pay more if you put off a move, sale, and/or purchase much longer.