04/08/2022
I heard an update from one of my go-to lenders The Polder Group today that interest rates are now at 4.72%. While this may seem high, we have to remember that average interest rates are typically around 8% which make today’s rates still low!
If you’re thinking about buying a home though, you may want to start the process sooner than later. As interest rates increase, so does your monthly payment which means you get less house for the same amount of money. The median sales price in Tucson increased another 18% in March making it at $371,570 for a single family home. As home prices and interest rates increase, you will be able to afford less and less so let’s talk about what’s holding you back from becoming a homeowner! 🏠