Whenever you watch the news or read the latest headlines, someone claims that homeownership is no longer attainable due to rising interest rates. But is it true? Or is it just another thing to hype in the day’s news cycle? While interest rates are rising because of inflation, homeownership is still achievable today. Not only that, but interest rates remain historically low and affordable. The distaste for the real estate market today stems from a decade of extremely low rates – set off by the housing crisis that began in 2007. To understand what is happening in the current market,…
How to Buy a Home When Rates Keep Rising
Whenever you watch the news or read the latest headlines, someone claims that homeownership is no longer attainable due to rising interest rates. But is it true? Or is it just another thing to hype in the day’s news cycle? While interest rates are rising because of inflation, homeownership is still achievable today. Not only that, but interest rates remain historically low and affordable. The distaste for the real estate market today stems from a decade of extremely low rates – set off by the housing crisis that began in 2007. To understand what is happening in the current market,…