High interest rates preventing you from buying your dream home?
Here’s every scenario played out…
If rates go up, good you’re already locked in at a lower rate.
If rates go down, you can refinance and get a lower rate.
If prices go up, good you’re gaining equity.If prices go down temporarily, that’s OK you bought this home to live in for 3,5, 10 years. If you’re in a fixed rate, your payments stay the same and you’ll come out of that drop.
With all this being said, the most important thing is being ok with the numbers today. This HAS to happen.
If you can’t make the numbers work somehow, then maybe buying right now is not the right mover you…
One last thing – if you’re thinking of selling and you’re considering waiting another 6mths, I would sell now. I wouldn’t be surprised if values drop more in the near future.