Low-rise pants, butterfly clips, choker necklaces, cargo pants, biker shorts, bucket hats, and……mortgage interest rates.
And although you might not like ALL of those coming back, remember, trends don’t last forever.
8% interest rates are shocking, I get it. I, too, want to be cautious of my budget when buying a house and want to make sure I am not paying more than I have to. But did you know that because of higher interest rates, many buyers have pulled out of the market? This means there is less competition, and buyers have more ability to negotiate (lower price or seller helping you get a lower interest rate), and what that means to you is that you can lock in the price of a home at TODAY’S prices.
With buyers pulling out of the market because of higher interest rates, there is pent-up demand, and when the interest rates drop, even just a little, those buyers will be flooding the market, similarly to 2021 & 2022. If you want to avoid making a move during a “crazy” market, then the sooner you make a move, the better.
If you want to know what it looks like to make a move right now, reply to this email or give me a call. I am here to help you figure out what makes for you and your family.
Don’t wait for these rates to go BYE-BYE-BYE. Lock in your home price today.
