SHOULD I WAIT FOR RATES TO DROP?

The home-buying journey can bring both excitement and anxiety for buyers and sellers. We saw things booming, but now things are have shifted. Home sales aren't as crazy as they were, and price increases are slowing down. A few things are playing a part in this, like those rising mortgage rates, a whole lot of people wanting to buy, and not enough homes up for grabs.Affordability is a concern for both groups.

Something to think about: if buyers are waiting for mortgage rates to drop, they might actually end up paying more in the long run. Prices could keep going up, even if rates eventually come down. If rates drop significantly, competition likely increases, driving prices up further. So, now may be an opportune time to begin the buying process.

Reach out to a lender to determine whether you’re in a strong position to buy and request a copy of my 7 Homebuyer Strategies to the Lowest Monthly Payment.