What just happened with rates Here's the short version. The 30-year fixed rate crossed 7% for the first time in 20 months, hitting 7.31% on September 30 on Intercontinental Exchange's index after the Federal Reserve raised rates a quarter point in September. Some lenders were quoting north of 7.5% last week. (Inman) And buyers are … Continue reading Rates Just Crossed 7%. Should Ithaca Buyers Consider an ARM?
This guide for buyers in Ithaca and the Finger Lakes emphasizes the importance of understanding neighborhood characteristics, which can vary significantly even within short distances. It highlights factors such as school districts, tax differences, and property values to assist buyers in making informed decisions. The current real estate market shows stabilizing prices around $380K, with a shift towards more selective buyers. The guide also offers insights on different neighborhoods and advice for navigating the buying process, while providing a fair-value analysis service.
