Who Likes Rollercoasters?

Who likes rollercoaster rides? We’re definitely on one the last few weeks with mortgage rates. We had the inflation data come out a few weeks ago. It’s been a nose-dive in bonds ever since, which is bad for rates.

Every day, rates have been getting worse. It’s been all over the news. We have seen rates creep back up into the high-6’s or even low 7’s in a lot of cases.

A Little Relief This Week

But this week we are getting a little bit of relief. But, why? It looks like the people in Washington might pull off the debt ceiling. Not surprisingly, the market doesn’t like that the US might default on its debts – that’s not ideal. It looks like they are getting that squared away, but we’ll see what actually happens.

We’ve seen continued improvement as the news has gotten better and better on that.

Get Into Real Estate When You Can

So, rates are improving a little bit. But who knows what is going to happen next. I continue to preach the same thing that I always have:

Get into real estate when you can!

If you’ve got your down payment, you are ready to go, and you are committed to the process, then give us a call. We would love to help! We’ll get you set up with your preapproval so you can get out there and start shopping.

There is no “perfect” time to buy a home. And no one has a crystal ball that will tell you the right time to buy. There are always financing solutions, no matter what is happening in the market. Just remember that investing in real estate is a long-term strategy.

Are you ready to buy a home? Then jump on the rollercoaster with us! We are always here to help.