Interest rates have hovered around 3% for the last couple of years. In fact, for a while, they fell well below the 3% mark. So says Sherri Lilienfeld of Apex Prime Realty. Watch video.
This prompted buyers to purchase homes. It also drove up interest in refinancing for homeowners.
But it looks like that era may have ended. Experts predict that mortgage interest rates will be on the rise in 2022. In fact, they already have in just the first two weeks of the new year.
Do taxes matter to 2nd homeowners along the Jersey Shore?
Can home inspections derail a deal within this hot market?
Sherri Lilienfeld from APEXPRIME.com talks latest market trends and interest rates.
Let’s compare Margate to Atlantic City: