Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Wednesday, May 27, 2009
Interest rates went up today
I don't think there will be any more loans under 5% for the time being. Some buyers may decide to wait awhile longer before purchasing. Stay tuned...
Are we talking about a significant hike in interest rates... or a small increase above a psychological threshold? It seems like most people think in terms of their monthly payment, not the actual interest rate. If your payment only goes up $75...
Are we talking about a significant hike in interest rates... or a small increase above a psychological threshold? It seems like most people think in terms of their monthly payment, not the actual interest rate. If your payment only goes up $75...
ReplyDelete