If Fed raises interest rates, “Doctor Loans” will be more expensive

If Fed raises interest rates, the real estate market could cool. Fed Chair Janet Yellen is suggesting that if the economy stays on its current course, interest rates could be increased.
If you are considering purchasing a home this year, please take note. “Doctor Loans” are approximately 1/4% higher than non-specialized loans, so the effect on this loan product will be more pronounced.

Read the interview with Janet Yellen on HousingWire.

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Monique Bryher | Broker-Associate/Realtor® | A Specialty Real Estate Practice | monique.bryher@gmail.com | 818-430-6705

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