08/06/2026
When my parents bought their first home in 1980 interest rates fluctuated between 13 and 17% that year and inflation was huge.
In more recent years we have seen interest rates in the 3-4% and so buyers tend to think this is a bad time to buy with rates around 6.8%.
If homeownership is a goal of yours then the facts, you should weigh are loan costs are driving rent up with the renters having nothing to show for their hard-earned money other than the convenience of not having to fix their own toilet or oven.
If rates continue to go up in the next few years, then you will have gotten in at a good time. If rates drop, then you can refinance to the improved rate.
DM me to discuss if buying right now in Nevada County makes sense for you.