03/02/2025
One of the things I hear from Buyers is that they want to wait until interest rates drop.
The thing is....yes, that could be in a few months, but it could also be next year or the year after that.
Interest rates fluctuate!!
So I ask...
How badly do you want to buy that 3 bdrm, 2.5 bth home?
Do you have money saved?
Can you afford a mortgage, a 7% interest rate, and all that comes with owning a home?
If So....BUY!
If Not....BUY WHEN YOU CAN AFFORD TO BUY!
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[What will happen to the housing market in 2025?
After dipping as low as 6.2 percent in September 2024, the average 30-year mortgage rate rose back above 7 percent for most of early 2025. Previous predictions of lower rates in 2025 appear to be shifting, with experts now predicting rates will moderate but not necessarily decrease in a substantial way. Despite a welcome drop to 6.84 percent at February’s end, affordability is likely to be a continuing issue in 2025.]
~Bankrate 2025