Have you been worried that interest rates were going to go back up in the new year? It’s definitely something agents like me have been tracking closely, and I have great news!
While the Federal Reserve has indicated that it plans to raise interest rates, the date experts are predicting has pushed back from early next year to the end of 2022 or even early 2023.
Lower interest rates make buying a home, especially in a competitive market, more accessible, because a lower rate allows you to afford more home for a lower monthly payment.
If you’ve been thinking about buying, sooner is still better than later. While rates may not have a spike on the horizon, experts do predict that home prices are going to rise steadily over the next year. Let’s talk ASAP about getting the ball rolling, so you can get the best possible deal.