Here’s what buyers need to know about higher interest rates.
Do you need to be worried about higher interest rates? Many buyers think that they should just sit on the sidelines until interest rates fall back down to the 3% range, but if you’re waiting for that, you might be waiting for a long time. The truth is that current rates are around the historical average. In fact, current market conditions mean that savvy buyers might be able to find fantastic deals that lower their interest rates right now.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:58 — Why prices aren’t falling even though rates are higher
1:41 — As long as inventory remains low, prices won’t crash
1:53 — If you try to time the market, interest rates could stay high and prices could fall
2:59 — If you buy now and rates go down, you can always refinance
3:22 — Rents will only increase
4:34 — Final thoughts and wrapping things up
To learn more about how you can navigate this tricky market, please call or email me. I am always willing to help!
