Last Thursday, the Washington Post described “a holiday gift” that could find its way
to the doorsteps of Camp Hill home seller and buyers. The Post might not have identified him by name, but there was also a
hint that the Grinch could be lurking in the shadows.

Real estate writer Kathy
Orton’s headline story described an unanticipated December boon “for those
looking to buy or refinance a home.” It was a package that materialized in the wake
of wild fluctuations in the stock market. A variety of national and
international worries had combined to trigger widespread “investor anxiety.”
The result a headline echoed in the Mortgage Bankers Association daily
newsletter:

“Mortgage Rates Plunge to Their Lowest
Level in Three Months.”

For prospective Camp Hill home
buyers who have been hoping to lock in favorable home loan offers, the news could
have seemed worthy of a scene out of “It’s
a Wonderful Life.”
But before that holiday standard’s joyous ending could
be echoed in real life, home buyers who were slow to react might be cautioned
that another Christmas classic might be called to mind before long. Realistically,
the Post’s “holiday gift” could fall
prey to a Grinch-like plot twist.

In this year’s real-life Camp Hill version, that villainous
role might be played by the Federal Reserve’s Open Market Committee. “Markets
expect another rate hike in December” according to one economist. If so, it
could quickly reverse the rate slide. Already, the Post saw hints that “this recent decline may be over.”

Meantime, Danielle Hale of Realtor.com
offered a prognosis that wavered midway between Dr. Seuss and Wonderful Life. “Although we don’t see
it in this week’s data,” the Chief Economist said, “momentum has started to
shift…”

Buying or selling Camp Hill homes isn’t something that’s hatched in the mind of a creative artist or Hollywood producer—but it can be influenced by plot twists like mortgage interest rate shifts. In every season, I make sure my clients stay informed of all events that impact the buying and selling of Camp Hill homes. When that becomes your own focus, do call me!

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