‘Marry the House, Date the Rate’
The past couple of years have been red hot for the housing market. But when the Fed began raising interest rates, many homebuyers asked “Is it still a good time to buy a house?” My Answer is “YES “ Housing is a necessity & rents keep going up & up! When you rent you are paying 100% interest & paying someone else’s mortgage.
I recently gave this advice to friends thinking of buying a home- If you are going to stay in your new home more than five years, It does not matter if the value goes up and down if you don’t plan on moving. Marry the house you love and Date the rate. Watch those rates & when its worth it refinance.
Many people right now bought a home in the height of the 2006-2007 real estate market, Then we had the crash in 2008. Those home owners are now seeing the value of their home go up $100’s of thousands of dollars & they had the chance to re-finance in the 3 % range.
In this market, If you find the perfect home there’s no reason to let a short-term problem like interest rates deter you from your dream home. Refinancing in the future is an excellent option for buying real estate & I can help.
Karen Ann Martin has been helping home buyers & home sellers in MA & RI since 2003. Karen uses her local real estate knowledge, experience & real estate training to make the process smoother for you. Contact Karen today to be your trusted guide with your real estate needs.