“If I hear rates are higher, why is it still a good time to buy a home?”

The housing market is competitive. During periods of elevated rates, less people are buying but sellers may be more motivated to work with a qualified buyer. This can mean more opportunities for buyers to negotiate a deal on their new home, which could lead to a lower sells price or even more concessions from the seller. How do you know if you can take advantage of the current market?

The best place to start is with a trusted LO and realtor can walk you through your options to determine if now is the right time for homeownership. They can look at affordability and your buying power based on the market to help you make the best decision on pursuing a property. And don’t forget, when rates come back down a refinance may allow you to own your dream home at an even cheaper payment!


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