Mortgage Info

SugarTree Mortgage Offers In-House Financing

SugarTree Mortgage and Lang McLaughry Spera Real Estate have partnered to provide all your homebuying needs under one roof. Our team is trained and experienced in all types of homebuying situations from first-time buyers to relocations, vacation homes and investment properties. For more information or to become pre-approved, please contact:

Tina Plante
South Burlington, VT
802.846.5051
tina.plante@gbmail.com
NMLS#103632

Erin Perrin
South Burlington, VT
802.846.5052
erin.perrin@gbmail.com
NMLS#764989

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Information contained is subject to change without notification. Offers subject to credit and property approval. Program and other restrictions apply. ©2011 SugarTree Mortgage.

When Rates Increase

When mortgage interest rates drop, many homeowners will often refinance, but not necessarily buy new homes. When interest rates slowly begin to rise, the sale of new homes seems to increase. For example in Canada a few years ago, interest rates reversed themselves and increased by two points. Canadians went on a buying spree with real estate sales increasing by 50 percent across the country.

The two percent hike did not signal the end of the recession, nor did the buying spree have any impact on home prices, but it did give a dramatic preview of what happens when rates change direction. Low interest rates over the long range are good for home buyers and sellers, but those who are waiting for lower rates may be making an oversight.