04/29/2024
A good reminder for everyone discussing real estate. DATE THE RATE, MARRY THE HOUSE.
Many components go into deciding when it's the right time to buy a home and they vary by individual circumstances. Stop listening to the national news media outlets who are saying "Interest rates are sooooo high right now." Look at the data (below) for yourself. It is simple not true.
While mortgage rates are higher than what most people have gotten use to recently 30-year fixed mortgage rates are back to 1973 levels! If you are ready, willing and able to get into the real estate market now, do it. Rates go up and down. Refinancing down the road will be an option again.