• Menu
  • About
  • REVIEWS

KAYE SWAINKAYE SWAIN

Kaye Swain Roseville REALTOR - Specializing in Over 55 Communities in Roseville CA Area

9167680127
KayeSwainRE@gmail.com
  • Menu
  • HOME
  • Blog
  • Roseville CA
  • Retirement
  • real estate update
  • Brand New Homes
  • Homes For Sale
  • Home Value
  • Sell home
  • virtual home tour
  • Homes sold

Options in Light of the Interest Rate Increase

Thank you for sharing....

Interest Rate Increase December 2015

As you have probably heard (especially if you follow my Facebook real estate page and/or my Twitter feed – @KayeSwain ), the Federal Reserve moved forward with an interest rate increase in December, 2015.

Kaye Swain Sacramento area real estate agent blogger shares interest rate increase news for buyers sellers boomers and seniors on Twitter

Not by much, but it was a start. If you're wondering how much of a difference an interest rate increase can make, take a look at this infographic!

Kaye Swain Sacramento area REALTOR shares the difference an interest rate increase makes

Interest Rate Impacts on Home Buying

When we bought our first home in Roseville about 20 years ago, we were able to assume an adjustable rate loan that was at a phenomenally low rate for then. It started at 4%. When we sold it about 9 years later, it was up to the max of 9%. (Yes, I now HATE adjustable rate loans. 🙂 ). If I had bought my house at the interest rate I paid when I sold it, I would have had to look at a much smaller home!

Right now, with interest rates still so low, it is definitely a great time to buy a house – whether it's your first or your tenth. That way you can lock in a mortgage at the great rates we currently have, even after the interest rate increase. As I mentioned, it was only a tiny adjustment – a quarter per cent. This is true for all home buyers but especially those of you who have never bought a home before and have no real estate equity.

This video from Sacramento news station KCRA has encouraging news that Janet Yellen is planning to make future increases slowly.

But it also quotes a local financial adviser who wisely points out that this is a good wake-up call for all to make sure our money matters are well arranged.

Interest Rates Impact for Home Buyers

What does this mean for buyers? Right now, probably not much. Most of the impact from the interest rate increase seems to be in the area of home re-fi's and credit card interest rates. For the long term, it could indicate future increases. If you are thinking of buying a home – whether your first home, or downsizing due to retirement, or upsizing due to a growing family – multigenerational issues – etc., this is still a great time to do it. As the infographic at the top reminds us and I wrote earlier, you can purchase twice as big a home now than you would have been able to ten or so years ago!

Interest Rates Impact for Home Sellers

How about sellers? Does this matter to you? Absolutely! Right now, we are short on homes for sale which has led to many multiple offers. Values in the area have increased. Your home may well be worth more than you think! And with interest rates still historically low, buyers are often highly motivated leading to happy escrow endings.

Kaye Swain REALTOR shares Roseville Sacramento CA have definitely seen home values increase in addition to the interest rate increase

Home Values in Sacramento and Roseville CA

(And CLICK HERE for the LATEST real estate market updates for the Roseville CA area. 😄 )

Are you wondering how our own area of Sacramento and Roseville have done over the last year?

Kaye Swain REALTOR shares Sacramento Market trends January 2016 in addition the interest rate increase

Kaye Swain Real Estate Agent Shares Roseville CA January 16 market trends in addition the interest rate increase

As you can see, both cities are definitely following the general state increase in real estate values! Great news for this whole area! Of course, prices can vary widely by zip code in each of these cities. If you'd like a pdf report of one or more specific zip codes along with other updates, just email me at Kaye@KayeSwain.com and list the zip code(s) you are interested in. (And if you'd like to find out info about how the interest rate increase will impact a mortgage, I have a great lender to recommend.)  🙂

One more very important thing! Have a great week!  🙂  🙂  🙂

Kaye

P.S. If you'd like a free analysis of your home's value, just give me a call at 916-768-0127 or email me at Kaye@KayeSwain.com. Or for a rough estimate, just click here.

 

P.P.S. Want to search for homes for sale in Roseville?  Or the greater Sacramento area? The top photo is homes available in the local Roseville area. The bottom is Sacramento and Placer County. Just click either picture below and you'll find lots of options including starting a whole new search. 🙂

Roseville

 

Sacramento – Placer Counties

 

 

Contents of this article...

  • Interest Rate Increase December 2015
  • Interest Rate Impacts on Home Buying
  • Interest Rates Impact for Home Buyers
  • Interest Rates Impact for Home Sellers
  • Home Values in Sacramento and Roseville CA

Posted in: Real Estate Info Tagged: buy or sell a home, Facebook, Federal Reserve, home value, interest rates, Roseville, Sacramento, Twitter

Post navigation

« Diamonds in Diamond Creek Subdivision in West Roseville CA
What’s Up and Down in Roseville and Sacramento »
Kaye Swain REALTOR in Roseville CA real estate news and services including aging in place-multigenerational boomers and seniors old and vintage houses and first time home buyers

Hi and Welcome to KayeSwain.com.

Are you looking for homes for sale in Roseville CA and the surrounding area? I appreciate your stopping by and invite you to check out the various options available - from blog posts to inform you about this lovely Greater Sacramento Valley Area, to home searches you can set up - such as homes for sale Roseville, Lincoln, Rocklin, Granite Bay, Citrus Heights, Carmichael, Fair Oaks, etc, to fun real estate eye candy and more. And yes! This is true for residential neighborhoods, condo communities, and all of our lovely 55+ active senior retirement communities. If you have any questions about buying OR selling your home in Roseville or the surrounding Sacramento area, do give me a buzz at 916-768-0127 or email us at KayeSwainRE@gmail.com We're here to help you and your family with your real estate needs.

Kaye Swain Sun City Roseville Real Estate Agent

Search for Homes for Sale

Search KayeSwain.com

Search for:

Click here and sign up to get my free weekly emails where I share Roseville and Sacramento area updates, fun events, holiday happenings, real estate market info, and more. KayeSwain.com/free-weekly-area-updates

Search New Construction Home Listings

See What’s New Today

Oops! Please enter a valid location (city, zip code or school district) or community name.

Powered by  www.showingnew.com/kayeswain

Tags

55+ senior retirement homes 95747 aging-in-place aging in place for boomers and seniors aging in place options boomers and seniors Brand New Homes buy or sell a home Citrus Heights Corona Virus Del Webb The Club At Westpark golf course home sellers homes for sale homes for sale in Citrus Heights homes for sale in Lincoln homes for sale in Rocklin homes for sale Rocklin CA homes for sale Roseville CA Homes sold multigenerational open house Placer County real estate Real Estate Market Real Estate Market Update real estate news real estate update restaurants Retirement Rocklin Roseville Roseville CA Sacramento Sacramento County seasons Silverado Homes at Eskaton Village Sun City Lincoln Hills Sun City Roseville Sun City Roseville Homes for Sale virtual home tour weather weekly market stats West Roseville winter

Search KayeSwain.com

Search for:

CLICK HERE for free weekly emails where I share Roseville and Sacramento area updates, fun events, holiday happenings, real estate market info, and more. KayeSwain.com/free-weekly-area-updates

CLICK HERE to read our blog
CLICK HERE to read RosevilleCaliforniaJoys.com

Resources for Buyers

The Ultimate Home Buyer's Guide

Resources for Home Sellers

Click here for Kaye Swain’s ebook -> Your Home Sellers Guide 

 

 

Resources for Boomers and Seniors

  • Seniors First Resource Guide
  • John Palley,Attorney – Certified Specialist in Estate Planning, Trust and Probate Law – offers an excellent and free book you can download as a pdf – “How to Live & Die With California Probate.” (Scroll to the bottom of his page and click the photo of the book)

 

RSS Roseville California Joys Blog – Latest Posts

  • Good Info and Interesting Things To Do In Roseville CA Area
  • Fun and Interesting Local News In Roseville CA Area

CONTACT US

9167680127
KayeSwainRE@gmail.com
Christian Kaye Swain real estate agent blogger in Sacramento Roseville CA first time home buyers boomers seniors 700 700 with kw logo
© 2023 · Equity Framework
Kaye Swain Roseville Real Estate Agent, 916-768-0127, KayeSwainRE@gmail.com, CalBRE#01966207, with Keller Williams Realty, 548 Gibson Drive, Suite 200, Roseville CA 95678, (Each office is independently owned and operated)

If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal Opportunity Housing Provider.

Use of this site means you agree to the Metrolist Terms of Use. The content relating to real estate for sale on this web site comes in part from the IDX program of the MetroList MLS Services. Listing content is copyright © 2017 MetroList MLS Services. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers. personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. Please contact Kaye Swain Real Estate directly for additional information pertaining to the status and availability of properties displayed on this website.

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

*****************************************************************************

This blog may also contain other affiliate posts, ads, and links and we may receive compensation for posting those as well as for links that are clicked

Log in