Tips for home buyers after federal rate increase - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Tips for home buyers after federal rate increase

Photo Source: WDAM Photo Source: WDAM
HATTIESBURG, MS (WDAM) -

If you’re thinking of buying a home, you may be wondering what the federal interest rate increase means for you.

Realtor Adam Watkins in Hattiesburg said, over the last six months, interest rates rose half a percentage point, and most of that increase happened after the presidential election.

Watkins said the federal rate increase has not affected mortgage rates just yet.

He said rates are still historically low, so now is a perfect time to purchase a home.

Watkins recommends contacting a reliable local lender and realtor before you purchase a home.

“A realtor who knows about the market, a realtor who knows about what supply and demand means for their purchase, and to contact that professional and allow them to a local lender,” Watkins explained.

Watkins said if you’re thinking of selling your home focus on the price, condition of your home, location and marketing.

Copyright 2017 WDAM. All rights reserved. 

  • Local NewsLOCALMore>>

  • Four Carey athletes named SSAC players of week

    Four Carey athletes named SSAC players of week

    Wednesday, April 25 2018 10:01 PM EDT2018-04-26 02:01:09 GMT

    Four William Carey University athletes were honored for helping their respective teams capture Southern States Athletic Conference championships.

    More >>

    Four William Carey University athletes were honored for helping their respective teams capture Southern States Athletic Conference championships.

    More >>
  • JCJC star guard Alexis Tolefree commits to Arkansas

    JCJC star guard Alexis Tolefree commits to Arkansas

    Wednesday, April 25 2018 9:54 PM EDT2018-04-26 01:54:17 GMT

    Jones County Junior College standout guard Alexis Tolefree recently had a change of heart regarding her initial college decision. After committing to Ole Miss, she announced Wednesday her verbal commitment to the University of Arkansas.

    More >>

    Jones County Junior College standout guard Alexis Tolefree recently had a change of heart regarding her initial college decision. After committing to Ole Miss, she announced Wednesday her verbal commitment to the University of Arkansas.

    More >>
  • Six new troopers joining Hattiesburg MHP district

    Six new troopers joining Hattiesburg MHP district

    Wednesday, April 25 2018 9:52 PM EDT2018-04-26 01:52:38 GMT
    Mississippi Highway Patrol Sgt. Travis Luck (left) speaks with new troopers Jacob Welborn (center) and Allen Grace. Photo credit WDAM.Mississippi Highway Patrol Sgt. Travis Luck (left) speaks with new troopers Jacob Welborn (center) and Allen Grace. Photo credit WDAM.

    Six new troopers have joined the Mississippi Highway Patrol's Troop J in Hattiesburg. 

    More >>

    Six new troopers have joined the Mississippi Highway Patrol's Troop J in Hattiesburg. 

    More >>
Powered by Frankly