INVESTMENT STRATEGY
MORTGAGE RATES
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Four Methods You Can Use to Beat Rising Mortgage Rates YOU CAN STILL MAKE A PROFIT INVESTING IN A RISING RATE ENVIRONMENT.
by Mackenzie Felt
hard you are willing to work, which is affected by your mindset. If you are living in fear of interest rates, you might hesitate too often, letting good deals pass you by because they took a little digging to find. So, consider shifting your perspective a little bit. Although a 7% interest rate can seem high, compared to historical data, it isn’t. ValuePenguin records that in the 1970s, when Freddie Mac first started surveying mortgage lenders, rates around 7% were common and even rose to 12.9% by the end of the decade. In 1981, rates rose to a record-breaking 18.45%.
luctuating mortgage rates are commonly a source of stress
you fearful. You may be wondering whether now is a good time to invest or whether you should wait, especially when your interest rates are usually about 1% above the national average. Before you give up on real estate, consider these four methods for staying profitable despite rising mortgage rates. NO. 1 Shift Your Perspective Sometimes the most important methods are the simplest. Much of your success is determined by how
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and concern for homeowners. They can be even more concerning for real estate investors whose profit sometimes completely relies on purchasing a property at low rates to maximize return. According to ValuePenguin, rates have been steadily rising each month since January, when the average was 3.45%. In May, the average was 5.3%, and the current weekly average is between 6%-7%. If you are an investor, the current rises in interest rates might make
68 | think realty magazine :: november – december 2022
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