Thursday, January 20, 2022 / by Brad Brethouwer
Here’s why it makes sense to get ahead of the impending interest rate hike.
The Federal Reserve recently announced that they would start to hike up interest rates. As a homebuyer, this could affect you dramatically. If you qualify for a $400,000 home purchase now, you may only qualify for $380,000 when rates start to rise and even less when they rise further.
As a home seller, this will affect your buyer pool. This could also level off your price or decrease it.
The moral of the story is that you should buy or sell sooner rather than later. Who knows what’s going to happen once we see those rate hikes. If you can afford to buy now, I recommend it.
If you have any questions for me about the market or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.