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Blog :: 11-2015

TIME TO MOVE--MORTGAGE RATES ARE GOING UP

If you have been waiting for the market to improve before buying a Cape Cod property, it's time to get the job done.  The Fed has indicated that mortgage rates are on their way up, and in anticipation the markets have already started raising rate.  Last week alone we saw the rate for a 30 year conventional fixed mortgage at one local bank jump from 3.5% to 4%.  This added nearly $30/$100,000 to your monthly payment.  If rates go up to 5%, your payment would go up nearly $90 per month per $100,000!!!!   So it's time to get moving.  Check out 21 Chase Avenue that has room for your entire gang and all our other listings.  Give us a whistle to make your move headache-free and fun.     

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Client Testimonials

If we decide to move on the Cape, we will almost certainly ask Ed and Agnes if they are willing to help us both sell our current home and find a new one. They are a pleasure to work with.

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