Now Is Still a Great Time To Buy a Home
Are there still opportunities to buy homes?
Many of our clients have been asking if now is a good time to buy or sell. The answer to both questions is, in our opinion, a resounding yes. For buyers, if you’re renting right now, would you rather pay your landlord’s mortgage or your own? And if you’re in a wrong-sized home, we can help you right-size into a better fit with a great mortgage.
Interest rates are still historically low, which means that homes are still affordable, despite rising home prices. 40 years ago, interest rates were around 17% or 18%, and for a 30-year mortgage today, rates are in the lower 3’s. For a 15-year mortgage, rates can even get into the 2’s.
All in all, there’s so much opportunity to get the deal you’re looking for while navigating this seller’s market. If you have any questions about what’s happening in your specific market or what opportunities are available to you, give us a call or send an email. We’d love to discuss your options with you.