11/13/2025
There are many buyers out there concerned about interest rates. I get it. We only know what we know. Did you know they are actually BELOW the average over the last 40 years. The highest was during 1981 at over 18%, during a time of extreme inflation. So, if you didn't have a great credit score during that time, your mortgage could have been over 20%.
Now, in recent history (2021) interest rates dipped below 3%. Understand that our economy in the best shape couldn't support that for a sustained period. The economy would tank.
So, look at today's rates from a bigger picture scenario. They aren't that bad. There are some solutions to those who are looking to get into real estate, either as a homeowner or an investor.
Consider multifamily purchases. You can live in one side of a duplex (or one of up to four, a quadplex). You may be able to qualify for FHA and they will use a percentage of rent received from the other units as income, which will increase your buying power.
This will allow you to choose who lives next to you. It puts far more control in your hands and allows you to own your home and have additional income. This can put you on the path to the home of your dreams.
Owning isn't impossible. You may have to consider a different path than you'd like, but it may get you more than considered.