The Power of Low Interest Rates
We have talked about it before.
With everything going on some buyers hoped to see a decrease in home values, deciding to wait out purchasing a home 🤔
But as discussed we have seen the opposite occur, due to low inventory of homes on the market, and high demand, homes have seen an increase in price 📈
Another reason to not wait is we still have historically low interest rates. So I figured it would be helpful to talk with Bethany Imhoff of Pacific Residential Mortgage to discuss just how important low interest rates are for your purchase power 💪🏼
Firstly, she points out the most important factor that, a lower rate means a lower monthly payment. And Bethany has found with the decrease in rates people are qualifying for properties they were unable to qualify for months prior.
Lastly, it’s not always important to get the dream home right out of the gate. Often what's important is to get property, enter the market, build equity and be in a better position when you go for that second home, dream home, forever home 🏘🏠🏡 Have questions about current and future interest rates? Bethany would be happy to chat. Need a question answered on the real estate side of things? I'm always available to talk at 📱 971.3616114 or 👩🏼💻 lilywyss@kw.com
Watch the video below for the full conversation.
