Sidelined by high interest rates?
Unimpressed by the current offerings on these DMV streets? Yeah, me too. Luckily we are heading into the busy “fall market” where we are set to see an influx of new inventory hitting the market just after Labor Day.
While you might still be unsure if buying in this current real estate market and with these higher interest rates really makes sense for you, I want to outline a few options that might make sense for you and make that dream of homeownership, in this current market, more attainable than you once thought. DATE THE RATE – MARRY THE HOME I’m sure we have all heard this by now.
Everyone is saying to date the interest rate and you can always refinance. I agree with this sentiment 50% of the time. None of us knows what will happen in the future, right?
Will interest rates drop lower than they are currently sitting? Sure, I think that’s a safe assumption. So if we are using that logic then if you find a home that you simply cannot live without then you should buy it and hope that interest rates drop and you can refinance that mortgage into a lower rate.
