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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
