SAVANNAH, Ga. (WSAV) — Tariffs have the potential of affecting the price of wide variety of things, including homes.
As of now interest rates for home buyers are the lowest, we’ve seen them since October of 2024 with a 1% decrease. The average mortgage loan from lenders is around 6.5%, but if you’re planning on building a home, the upfront cost could be a lot more.
“Rising tariffs, has triggered volatility in the stock market,” Misty Stenmark, a home buying specialist with Heather Murphy Real Estate group, said. “So that means that investors are going to shift their money into bonds as a safer option. The increased demand for bonds drives down yields and that ultimately results in lower interest rates, which is what we’re seeing now. We have the lowest interest rates currently that we’ve seen since October of last year.”…