Today I’ll go over a quick market update about how the election has impacted interest rates. I’d also like to invite you to a special event we’re having on December 7th!
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Today I’m here with your Thanksgiving market update. I’d also like to invite you to a special event we’re holding on December 7th!
Whether or not you are thankful for the outcome of this election, Wall Street has been a big fan of a Trump presidency. The stock market has increased, the bond market decreased, and, as a result, mortgage interest rates are starting to rise. Over the last week, we’ve seen a half-point bump, and interest rates now hover in the neighborhood of 4%.
Interest rates should continue to rise, so if you’ve been thinking about buying a home, it’s important to keep that in mind. Every 1% increase in interest rates means a 10% loss in home affordability for buyers. The good news for buyers is that fall is typically one of the best times to get a deal, as sellers are highly motivated at this time of the year.
Now, on December 7th, we will give back to the community. This year, we are supporting an organization called Spirit of Sharing, which helps military families here in Southern California. During the holidays, many of these families struggle, so we are hosting a food and toy drive here at the office from 3 p.m. to 7 p.m.
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We’ll see you on December 7th!
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There will be some special guests at our event. Santa Claus will stop by from 4:30 to 6 p.m., so bring the family down to take some photos. Branden Oliver, the San Diego Chargers running back, will also make an appearance. Spirit of Sharing is near and dear to his heart, so he is glad to be here and support our efforts to help this organization.
So, stop by our office on Wednesday, December 7th from 3 p.m. to 7 p.m. Most of our special guests will be here between 4 p.m. and 6 p.m., and we will also have snacks, drinks, music, and Christmas videos. Come have a great time and support a great cause.
Finally, I want to wish you all a happy Thanksgiving. Thank you for continuing to support us; we really appreciate it. I would also like to thank my team — it’s been great working with you all this year — and my family, who always support me in my endeavors.
Have a great Thanksgiving! If you have any real estate questions, please don’t hesitate to reach out to me. Otherwise, we’ll see you on December 7th. I look forward to seeing you all!
