Buying a Home When Rates Have Risen
So interest rates went up in 2022. No denying it. They peaked around October/November, but have trickled down some. Either way, higher rates may be a concern or impacting whether you buy or not. In all actuality, they really shouldn’t. The real estate market has changed since last fall and that’s a good thing for buyers. The competition has lessened. Homes are sitting on the market longer. Sellers are willing to negotiate terms, including inspections with repairs, closing help, home sale contingencies, etc. Check out the video below that talks about this and contact me with any questions!
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