How Six Months of Rising Rates Altered a $250,000 House Payment
How a six-month climb in interest rates impacts a typical $250,000 Northshore house payment and why a Bond for Deed offers a necessary bridge.
Interest rates
Sales Stalled at 4.06 Million. Seller Financing Moves Inventory.
When high rates and rigid underwriting push conventional buyers out of the market, a well-structured Bond for Deed gives sellers a way to close the deal.
Rates rose four weeks running in July. A payment the parties set once does not.
While national average mortgage rates drift higher, an installment schedule agreed to at closing provides absolute certainty for buyers and sellers.
Half of Mortgages Are Under 4%. Why Free and Clear Sellers Win.
With most homeowners locked into low rates, free and clear sellers are the natural solution for buyers needing seller financing to bypass the banks.
