With mortgage rates rising and expected to continue rise to 5.5-6% by the end of 2022, the two percent (2%) increase we have seen in the first quarter of 2022 may just be the tp of the iceberg. Rates at most lenders have risen from ~2.75% in January to ~4.75% in late March, and that was after the feds increased their rates by just 0.25%. With the Feds expected to increase their rates six more times throughout 2022, mortgages appear to easily be heading to at least 5.6-6% by the end of 2022.
With mortgage interest rates expected to rise throughout 2022, it appears to be in the best interest of buyers and sellers alike to act sooner rather than later.
- Bed: 2
- Bath: 1 full
- Sqft: 800
- MLS: H6239145
*Shown by Appointment.* Welcome to Forest Hills. This wonderful Jr 4 room (convertible two-bedroom) one bath apartment on the third (the lobby level is the first floor, then 1 and then 2) f... Read More
444 E 87th Street - Contract Signed
|Upper East Side|
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Lee Presser, Realtor®
Licensed Associate Real Estate Broker
eXp Realty NYC
1501 Broadway, 12th FL
New York, New York, 10036
Direct: (347) 202-1151
Fax: (646) 792-3316
©2022 eXp Realty NYC. eXp Realty NYC is a licensed real estate brokerage in the State of New York. All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Keller Williams NYC. Consumers should consult with counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. eXp Realty NYC represents the seller/owner on eXp Realty NYC's own exclusives, except if another agent of eXp Realty NYC represents the buyer/tenant, in which case Keller Williams NYC will be a dual agent with designated agents representing seller/owner and buyer/tenant. eXp Realty NYC represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances eXp Realty NYC treats all parties fairly and honestly. eXp Realty NYC actively supports equal housing opportunities.
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