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Home • October 6, 2023

Date the Rate, Marry the House!

by Susan Campbell

It’s not news that home mortgage interest rates are on the rise. At this writing (Oct 2023) current 30 yr fixed rate loans are pushing 8%. The rates may continue to increase as the Feds try to stave off inflation. But I’m here to say, ” Date the rate, marry the house!”  I heard this timely quote the other day from a favored lender. Shopping for a home in this higher rates market can be a financial stretch, but it’s totally worth a try if you can. The sooner one gets into real estate, the sooner one earns property appreciation. Which is a better return on your money than other investments of wealth building. Historically, real estate values appreciate by 2-5% annually (Sonoma County, Ca). “Date the rate, marry the house” means go ahead and buy the house, if it meets your requirements and re-finance the mortgage rate at a future date when the rates are better! Call me for a discussion for either getting into the housing market or the timing of selling your current home!

keys to house

keys to house

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