How are the interest rates in the current real estate market?

Hey, everyone! Thanks for joining me today!

I’m sure you’ve all heard about the increasing interest rates and there is a lot of confusion as to what drives the rates. A lot of people have been asking me why the recent spike.

Our market is full of uncertainty: is recovery really happening, is unemployment as good as it seems, etc. Numbers can be skewed.

Take for instance how the uncertainty of these numbers can affect the market. The reports of lower unemployment rates each month have been driving interest rates higher. However, when considering the unemployment rate, 70 percent of that statistic is part time. The more uncertain those factors are, the more volatility you will see in interest rates.

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