Like many, we are keeping an eye on the current economic situation that is happening in this country and tracking how it may affect the Missoula real estate market. With that said, we do see some big changes coming to the Missoula market.
Rising Interest Rates
Interest rates have gone up about 2% in the last 90 days and it has a lot of people questioning if they want to try to buy or not. Historically, at the beginning of the 2000s mortgage rates were sitting around 8% and today they are hovering around 6%. Even though jumping up 2% in the last 90 days has been a quick change, the current rate is not outrageous. If the rate has knocked you out of a certain price point that you were trying to stay in to keep your monthly payments manageable, give us a call. We have multiple tools to help keep your payments where they need to be so you can sleep at night.
With Change Comes Opportunity
When big changes come, there is always an opportunity to capitalize on them. Although we do not see major changes coming as soon as other larger markets will see them, it will be smart to get in front of it and devise a plan if you are thinking of purchasing a property in the near future. If this sounds like something you would be interested in, please schedule an appointment so we can discuss all of the options you may have.
If you have any questions, please give me a call! Let’s discuss what is on your mind and how we can help.