📈 ⚠️ 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿... 𝗡𝗢𝗪 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆! 🏠
WHAT? 🤯
Seriously... and 𝗵𝗲𝗿𝗲 𝗶𝘀 𝘄𝗵𝘆:
👉 𝗪𝗵𝗲𝗻 𝗿𝗮𝘁𝗲𝘀 𝗮𝗿𝗲 𝗵𝗶𝗴𝗵𝗲𝗿, 𝘁𝗵𝗲𝗿𝗲 𝗶𝘀 𝗹𝗲𝘀𝘀 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻, resulting in a wider selection and a better price. It's no secret that inventory is low, and it's hard to find a home in this market that doesn't turn into a bidding war. Higher rates help reduce the number of home shoppers and offers, resulting in less competition for homes and a better price.
👉 𝗜𝘁'𝘀 𝗹𝗶𝗸𝗲 𝗽𝘂𝘁𝘁𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘆 𝗶𝗻 𝘁𝗵𝗲 𝗯𝗮𝗻𝗸. Rates have moved higher, but so are home prices. Although you'll be paying more in interest, you'll be building equity as home prices rise as well as paying down your loan. While there is no guarantee that home prices will continue to move higher, tight inventory makes it likely.
👉 𝗚𝗲𝘁 𝘁𝗵𝗲 𝗵𝗼𝘂𝘀𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗽𝗿𝗶𝗰𝗲 𝗻𝗼𝘄 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗴𝗲𝘁 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲 𝗹𝗮𝘁𝗲𝗿. When rates fall, home prices usually move higher as demand drives up the offers. Waiting for rates to fall means you may not be saving anything at all, and could possibly end up with a higher payment instead. If you buy now, you can always look into refinancing when rates fall, and you'll have the lower purchase price AND the lower rate!
Give me a call, email, text, or DM me to talk more about how I can help you own a home, since these rates are not going lower anytime soon.