The Fed Might Be Done Raising Interest Rates
Are you a St. Louis homeowner actively seeking favorable interest rates for your Home Equity Line of Credit (HELOC)? If so, there’s promising news on the horizon. Starting as early as next summer, your HELOC might become more cost-effective, presenting a prime opportunity for you to save on borrowing costs.
In the coming 6-12 months, St.
Making the Most of Rising Mortgage Rates
It’s no secret that high mortgage rates can be a source of concern for those in the market for a new home. They can pose challenges for prospective homebuyers, especially when property prices are on the rise. Additionally, these high rates have resulted in job losses within the mortgage industry and related sectors. While it’s true that investors…
The St. Louis housing market is hot, but there are some potential risks on the horizon.
Here are some of the factors to keep in mind:
Some of these factors are real and likely, while others are quite far-fetched.
Overbuilding and a flood of supply: If there is a sudden increase in the number of homes for sale in St. Louis, it could lead to a drop in real estate prices. This is because ther…