Hello, everyone. This is Juan Carlos Gastelum. I am a real estate investor in Texas. Today on the new-news, we want to talk about the increase in interest rates published by the Fed last week. It’s important to note because it’s something that we have been expecting all along. We’ve discussed it throughout last year, that eventually low interest rates at the point they were in 2020 and 2021 we’re not going to last because they were the lowest rates in recent history. Last week the Fed announced a 0.25, or a quarter of 1%, increment in interest rates. This means that we’re probably going to see two things: 1) a real estate market cool down, and 2) most likely a slight adjustment of the mortgage cost. For those that have either a variable rate, a floating rate, engaging in fixed rates, or currently negotiating with their lenders, they can expect an increment in the cost as well. Our tip for today is to not try to time the market, but rather study and educate yourself in the current trends, the current market conditions, and also make informed decisions. That’s it for now. Take care. Best wishes on your real estate journey and God bless!
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