The Impact of Interest Rates in Divorce & Real Estate - Sterk Family Law Group, P.C.

Chances are you've heard the news about the fluctuating mortgage interest rates. 2021 saw a plummet in rates for homebuyers and the housing market was booming.   Now, in quarter three of 2022, the interest rates are changing almost daily and all of us have questions about what this means. For those who are in the process of a divorce, this can bring up even more questions.   Attorney Gwendolyn J. Sterk, Sterk Family Law Group, P.C., sits down with Larry LoVetere - VP of Mortgage Lending with Guaranteed Rate to discuss some pressing questions such as:   • Everyone hears to stop a recession, interest rates need to go up. Is this true?  • What impact do increased rates have on real estate sales?  • Should someone delay acquiring a new mortgage because of the increased rates?  • Will the rates will continue to rise?  • What impact will increased rates have on available home inventory?  • Is it better to rent or to buy?  • How do interest rates impact my divorce?   Larry LoVetere has been in the mortgage industry for over 18 years and became a loan officer because he wanted to be in a business where he could help people and make a difference in their lives.  To connect with Larry or to schedule a free consultation, visit: www.rate.com/larrylovetere or call (331) 214-5662   To learn more or to connect with Sterk Family Law Group, P.C. or Gwendolyn Sterk, call 815-600-8950 or visit https://www.sterkfamilylaw.com/     **************  Sterk Family Law provides a full range of family law and estate planning services in Orland Park for clients in Will, Cook, and DuPage counties.  The Sterk Family Law Group team provides a holistic approach to the practice of law and strives to not only service a client’s legal needs, but also help manage a client’s emotional and overall well-being by establishing connections with a vast network of counselors, support groups, and various other non-traditional service providers within local communities by way of the unique Resource Center.  The Resource Center provides Sterk Family Law clients with access to other professionals to help prepare for the next step in their lives.   **************  This podcast is for informational and educational purposes only. This is a legal advertisement from Sterk Family Law Group, P.C. and does not constitute legal advice and should not be construed as such.   #mortgage #mortgagerefinancing #mortgagelending #divorce #interestrates #interest #mortgagerates #realestate #recession #homebuying #divorce