It’s true that mortgage rates are higher than they were a year ago.
However, the real estate market has also changed over the past year.
Consider this trend for buying a house a year ago vs today…
1 Year Ago…
Listing price: $450,000
Sales price: $500,000
10% Down
4.5% Rate
Payment $3,028
Today…
Listing price: $450,000
Sales price: $425,000
10% Down
6.5% Rate
Payment $3,053
If you are ready to go find the house you want, do it now. It’s no longer a seller’s market.
Give us a call or shoot us an email and we will be happy to help you!
Thanks for reading!
Brett