Mortgage Rates Rise: Looking Up to December

Rates are linked to 10-year Treasury bonds, that have had some activity in the market as investors try to sell them. The selling is motivated by the feeling that upcoming tax cuts and unemployment benefits will strenghthen consumption and demand over stocks, instead of low-yield bonds.

In short, people would be willing to spend more, and risk more, under the expectation to get bigger revenues on the stock market. Of course, this has pushed Treasury bonds to be more competitive, thus the rates climb up, making them more attractive.

Whether rates will continue the new trend up is uncertain, although many suggestions do point that way. For the matters of this blog, this information should be taken into account when thinking on buying a real estate in BrickellMore Info, Brickell Key More Infoor Downtown MiamiMore Info, places where a lot of demand is expected to flow thru November and December.

If rates are down, there are bigger possibilities for potential buyers to enter the market and make the decision to buy a property in Miami; if rates climb, you should be thinking on the best way to get the most amazing rates the US has had in decades, to what the best thought is to invest now, taking a chance both on rates and on low prices.