Interest Rate Are On The Rise Again
You heard the news and all the scary info and media headlines that the mortgage rates went up again right??
Now, calm down, don't panic...
We live in Winnipeg, and here our market is strong and steady, we don't have high peaks and valleys. When these changes happen we don't feel it as much as where these headlines are coming from
If you are a buyer and have already been pre-approved you likely have a locked-in rate, so you are good for a while yet to buy a home without having your rate go up
If you are in a fixed-rate mortgage right now you are unchanged, you can ignore the news
If you are in a variable (Like me) then your mortgage payments are going up, riding out the storm till it comes back down and you can enjoy the lower rates
If you are a seller, don't stress that the market is going to plummet, there are still loads of buyers out there looking for a roof over their heads, and all we need to worry about is pricing your home correctly.
