Real Estate Buying Power for 2014~Interest Rates Have a HUGE Impact!

This coming May 2014, I will have been a Real Estate Broker for 10 years!

At the start of my real estate career, the average 30-Year Fixed-Rate Mortgage came in around 6.27%! As you can see from the attached Infographic, rates have fluctuated over those 10 years hitting a low of 3.35% in November 2012 to the current rate of 4.46% at the end of 2013.

What’s crazy is that when we purchased our 1st home in 1981 the average  mortgage interest rate was 16.63%! I hope we never see those rates again!!!!!

Take a look, find yourself in the numbers below…

Infographic compliments of Zillow.

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