The truth about buying or selling a house when interest rates are higher.

Are you hesitating to buy or sell real estate because you're waiting for interest rates to drop? You're not alone. Many homebuyers share this sentiment, believing that waiting for rates to come down is the best course of action.

However, it's crucial to understand what's happening with interest rates and how they have behaved historically. By examining the past, we can learn what to expect. Interest rates have followed a predictable trend, with the normal range hovering around 6% to 6.5%.

“It's always the right time to make a move when it's right for you.”

Some may argue that waiting until rates come down is the smart choice, but this notion is misleading. Historically, interest rates have averaged around 6% to 7%, so low rates of 2% to 4% were an anomaly. It's unlikely that we'll see these rates again in our lifetimes.

Currently, interest rates are healthy and stable, maintained by the federal government. Therefore, it's crucial to consider what's important to you and your lifestyle when it comes to buying or selling real estate. It's always the right time to make a move when it's right for you. Interest rates are strong, steady, and healthy, so don't wait—make your move today.

If you're on the fence about buying or selling, don't let interest rates be the sole deciding factor. Take advantage of the currently steady rates and make your move today. Call or email us if you have any questions or need help with your real estate goals. We look forward to hearing from you.