05/17/2023
DO NOT give up on home purchase because of high interest rates...
When rates are high, it's no surprise that home buyers are wary of making a purchase. But you shouldn't give up! Here are five reasons to house hunt when rates are high:
1. A slower market means less competition.
2. There's more room for negotiation with sellers when sales are slow.
3. Realtor, builder, and lender deals may help increase affordability.
4. You can refinance after purchasing if rates drop.
5. There are advantages to owning rather than renting, like building equity.
Get your pre-approval letter and see how much you can afford, and then it's time to get shopping!