Even though my focus is selling homes in Texas, we are of course affected by global and national interest rates. Low inflation rates – even below desirable inflation rates – may help us keep mortgage interest rates low for now. I personally think there will be no way to know beforehand when interest rates are about to go up… we will only know after they have gone up and keep going up – and then we will all know where the bottom was. In any case, great opportunities are still out there in this sizzling Central Texas market. Even as some prices have risen, the super low interest rates make it an ideal time to move-up, invest in a property – Lock it in!! We may be kicking ourselves that we didn’t borrow more when rates are at 6 or 7% (historically very normal mortgage interest rates.) Our investors, including myself, are able to borrow at under 4% and return about 12 to 15%. Couple that with high population growth and it makes sense. It is one of the oldest Get Rich Slowly Schemes out there! 🙂 Ask Seth how to take advantage of the Hot Austin Texas Real Estate Market!
