Take advantage of the current interest rate before it rises even more.

Should you make a move now or should you wait until later this year? Anytime you wait to do something, you’re speculating on the future. We all have some idea of what we think the future will be like, but we can’t know for sure.

Interest rates are in the 5% range, which seems high compared to last year. Buyer purchasing power has decreased over the last few months, but seller pricing is also more negotiable. Now would be a great time to buy the home you want and lock in a rate before they go up. When you wait to buy, you’re gambling on future rates. The Federal Reserve is still talking about raising rates throughout the year. Inflation could also make it way too expensive to afford a home in the future.

If you have any questions, give me a call at (602) 738-9943 or send an email to jason@thepenroseteam.com.