What To Do About Rising Interest Rates
Home buyers, this one is for you!
We see you -- frozen in fear because of rising interest rates.
Remember, what goes up must come down. Inflation is the enemy of long-term interest rates.
We understand that things today look difficult, but the past 2 years were impossible.
Here's a new way of looking at things:
Buy the house you want. Committing to the home doesn't mean you're forever (as in 30 years) committing to the interest rate on your home loan. You can and should always be looking for better financing opportunities as a homeowner and can always change to terms that are more favorable later.
Think about this! If rates continue to rise, you'll be glad you locked them in TODAY for that forever home of yours.
We can't predict the future, but we do know that rates will fluctuate up and down over the next many months as the Fed wrestles with getting inflation under control.
Will we ever see those 2% interest rates again? We think that ship has sailed and won't see them again in our lifetime, but those favorable financing terms will show their faces once again, friends. Don't be discouraged.
This might be your forever home, but not your forever loan. Wondering what your next step should be? We're ready to help: 509.381.4846