Trying to time the market can work about as well as using tea leaves to predict the future. This piece by Keeping Current Matters, shared with me by a friend in the industry, covers a few of the home-buying realities created by rising interest rates. It’s been made clear that rates will continue to rise within the U.S. However, the cost to rent will continue to rise as well. Keep in mind that interest rates should be a factor, but not the only factor, in the decision to buy or sell real estate.
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Mortgage Rates, High or Low?
I've always said, don't try to time the real estate market. The timing should depend on your personal scenario and readiness. Even for buyers that are looking at times that rates are increasing, there will be future opportunities to refinance when rates drop. Just a...