MARKET UPDATE JANUARY 2024
If you are reading this and it is after January 1st 2024, you may know that interest rates have more than doubled from earlier in 2022. Interest rates were around 2.75% to 3.5%. As of this writing interest rates are now around 7.00%. You may think that the sky is falling when looking at these rates, and are disillusioned and depressed about the current market. Perhaps you thought you missed the boat on the selling market and are thinking you should just sit back and wait. Consider that the current rate is actually still very low as it is slightly below the average rate over the last 40 years. (see interest rate chart below)
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