Interest rates. They’re sort of an important component of the real estate business. The problem with interest rates is that an entire generation of homebuyers no longer applies an ounce of historical perspective to these rates. They’re low folks.
I just had a text this morning from a friend of mine at M&I Bank. “30 year residential rates at 5.625% right now. Need some referrals!” They were 6.5% as recently as 10 days ago. They’re low people, and you need to realize it. Let’s get out there, find a great property, beat up some unsuspecting seller, and lock in a tremendous interest rate. My friends at M & I Bank can help.