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Just because rates are higher than last year, doesn't mean that now isn’t a good time to buy! Take a look at how comparable buying today is, when you consider the ability to get the home for the right price and the possibility of refinancing if rates drop later down the road!
Don't let rising interest rates stop you from buying a home!
⌂Interest rates are lower than they were last year, but that doesn't mean that now isn't a good time to buy. In fact, there are still many reasons why buying a home today is a smart financial decision.
⌂While home prices have been rising in recent years, they are still well below their peak levels from last year. This means that you can still get a great deal on a home, even with higher interest rates.
⌂Mortgage rates are still historically low. Even with the recent increase in rates, mortgage rates are still very low by historical standards. This means that your monthly mortgage payment will still be relatively affordable, even with higher rates.
⌂The housing market is still strong. The housing market is still very active, with inventory levels low and demand high. This means that you're more likely to find the perfect home for you, and you're less likely to have to compete with other buyers.
If you're thinking about buying a home, don't let rising interest rates stop you. Talk to a qualified lender today to see how much you can afford, and contact me to start your home search today!
Your new home is the perfect place to relax and unwind this summer!
+1-949-838-4858 | KYong@REMAX.net
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