The Federal Reserve’s current policies are an indicator that interest rates will continue to increase. On a positive note, rates are still at historic lows and:
- More lenders are emerging and that will lead to better competitive terms.
- Income property sales are gaining momentum as most investors return to real estate.
- Rents and occupancies are up which is helping underwriting fundamentals.
In conclusion, at least for the next 3 to 6 months, we will continue to be in a low rate environment. Going into 2015, borrowers should expect to start seeing gradual rate increases.
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Categorised in: Loan Terms
This post was written by Kevin Meehan