Interest Rates Are Up! - Why You Should Still Buy A Home

https://BTRealyGroup.com - As rates are on the rise, many buyers may think its best to wait but history tells us that rates may continue to go up for quite some time, so the sooner you buy the better. Especially if you're looking to purchase a home in the next 12-18 months. With a lack of inventory in many cities throughout the country, values will continue to rise as rates rise. This means if you wait, the cost of owning a home could be even more expensive. Many economist anticipate that values will continue to rise until rates hit 6%, which may happen in the next 12-24 months. When it does, we should see the housing market cool off and values start to decline, but until then. Buyers will be facing a double edge sword.