⚠️ 𝗪𝗶𝘁𝗵 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗿𝗶𝘀𝗶𝗻𝗴 𝗾𝘂𝗶𝗰𝗸𝗹𝘆 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗠𝗮𝗿𝗰𝗵, 𝗶𝘁 𝗵𝗮𝘀 𝗺𝗮𝗻𝘆 𝗵𝗼𝘂𝘀𝗲 𝗵𝘂𝗻𝘁𝗲𝗿𝘀 𝗮𝘀𝗸𝗶𝗻𝗴, "𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝘀𝘁𝗶𝗹𝗹 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲 𝗻𝗼𝘄, 𝗼𝗿 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝘄𝗮𝗶𝘁 𝗳𝗼𝗿 𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗱𝗿𝗼𝗽?" 🤔
That's a great question, and 𝗵𝗲𝗿𝗲'𝘀 𝘁𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿.
👍 𝗔𝘀 𝗮 𝗴𝗲𝗻𝗲𝗿𝗮𝗹 𝗿𝘂𝗹𝗲, 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝘀𝘁𝗶𝗹𝗹 𝘁𝗿𝘆 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲, despite the recent increase in rates.
👉 Of course this is dependent on many factors, and I would be glad to look at your unique set of circumstances and help answer it for you individually.
That said, now is still a great time to buy a home, and 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱𝗻'𝘁 𝘄𝗮𝗶𝘁 𝗳𝗼𝗿 𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗱𝗿𝗼𝗽.
Why?
𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗮 𝗳𝗲𝘄 𝗿𝗲𝗮𝘀𝗼𝗻𝘀...
✅ Rates are not likely to drop significantly from here, and the current economic conditions (like inflation and expected Fed policy rate hikes) support rates possibly moving HIGHER from here.
✅ Home prices still aren't falling, even as rates have moved higher. There is just too much demand and not enough inventory for home prices to drop.
✅ You can always refinance later if you buy a home now and rates drop in the future.
𝗧𝗵𝗼𝘀𝗲 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗴𝗲𝗻𝗲𝗿𝗮𝗹 𝗿𝗲𝗮𝘀𝗼𝗻𝘀, 𝗯𝘂𝘁 𝗶𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮𝗻𝗱 𝗰𝗼𝗺𝗳𝗼𝗿𝘁𝗮𝗯𝗹𝘆 𝗮𝗳𝗳𝗼𝗿𝗱, 𝗮𝘀 𝘄𝗲𝗹𝗹 𝗮𝘀 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗹𝗼𝗮𝗻 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝘁𝗼 𝘆𝗼𝘂, 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗮𝗻𝘆𝘁𝗶𝗺𝗲.
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
