Is it a good time to buy? Is it a good time to sell? What’s going on with the interest rates? The SF housing market is complicated right now and it’s changing every day.
On July 27th the Fed raised interest rates. The surprising thing was that the mortgage interest rates were not affected. In fact, they’ve gone down ½ a percentage point since the rate hike. Most of our buyers right now are locking in around 4% and have been for the last several months. Interest rates are not as high as people would believe.
Let’s dive into the market. For more data see below, for my explanation and insights please watch the video. Feel free to contact us we’re more than happy to talk with you about the current market and stats.