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Ep 16: What to Consider in This New Higher Rate Market
Manage episode 333735281 series 3012587
Вміст надано Bill Litton. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Bill Litton або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Interest rates are rising and it seems likely that they will continue to do so. Historically, rates are still not bad. But a jump from 2.5% to 6% is a big jump and it’s changing the housing market and the trends we are seeing.
With inflation still very high, we should expect to see these higher rates for a while. So, what are some of the things you need to really consider in this higher rate market?
If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
TIMESTAMPS:
0:44 – What are we seeing in the market?
2:32 – Are rates the major concern?
3:33 – Will the market volatility stabilize?
4:23 – The affordability of houses
6:25 – Refinance opportunities in the future
8:32 – Considering closing costs
10:05 – Adjusting the downpayment
12:02 – Buying a house is still a good investment
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and info.
Call: 484-352-4151.
Visit LendUS® on the web.
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