06/05/2023
Attention homebuyers and aspiring homeowners! I've got some important news regarding mortgage rates and buying opportunities that you don't want to miss. Here's what you need to know:
Mortgage Rates will be going down. A lot people think that mortgage rate movements are tied to Fed rate movements. However, it’s more accurate to say that they both react to the same thing: inflation expectations. So as inflation starts to abate, experts in the industry predict mortgage rates will decrease. This could happen SOONER than the Fed beginning to lower their Fed funds rate!
Perfect Time to Buy. While rates are still higher than where we would like them to be, the current market presents a unique advantage. Many potential buyers are waiting on the sidelines, waiting for rates to go down. By taking action now, you'll face less competition for homes from other homebuyers, even though the interest rate will be higher. Remember: you can always get a lower interest rate when the opportunity arises; what you CANNOT do is go back in time to pay a lower price for a house. All the homebuyers who are currently on the sidelines will be WISHING they could do that if they wait until rates are lower to buy.
So by buying now, rather than waiting for rates to go down, you will get the best of both worlds: a lower home price, AND a lower interest rate when it comes along.
Now, you’re probably saying, “yeah but then I’ll have to pay closing costs when I refinance.” Well, we got you covered there, too! That's why we're thrilled to offer a fantastic opportunity - a FREE refinance! Learn more about our free refinance offer here: https://www.highlandermortgage.com/refinance-for-free/