Why Interest Rates Shouldn’t Be Scaring Homebuyers

Why Interest Rates Shouldn’t Be Scaring Homebuyers

Amy Shair Amy Shair

Amy Shair

?? Client-focused Realtor NC | Residential Real Estate | Sellers Agent | Buyers Agent | Listing Agent | ICON Agent | Investment Property | CRS-Certified Residential Specialist | GREEN Certified Realtor

发布日期: 2023年8月22日
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Here are 3 reasons why high mortgage interest rates should not be scaring homebuyers:

1)?Prices are continuing to increase in the Triangle NC area.?Home values have been appreciating in 2023 and are expected to continue at a modest rate. There is no price crash coming in the NC housing market. People waiting for the market to correct or go down are making a mistake.

2)?Waiting to save money toward a home purchase doesn’t work right now.?Rents are very high, and even if you have a free place to stay, you may be paying to store your furniture, and you are likely paying more for commuting and other costs. It makes sense to buy now and gain appreciation in the value of the home you buy.

3) There are?options to help get the best interest rate?you can on a mortgage today:

  • You can use some of your money to buy the rate down.
  • You may be able to get the seller or builder to pay to buy down your interest rate.
  • You can also get an adjustable-rate mortgage (ARM) to get a lower rate for now.

You can always refinance your mortgage when rates come down.

Buying now is better to get control over your housing situation.

If you need help reviewing your mortgage and homebuying options, reach out to me at 919-818-5001 (call/text) or?[email protected]?

Find Amy’s contact information?here.

Visit our Facebook page here?https://www.facebook.com/AmyShairRealEstate

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