FOR BU
You’re buying in the highest appreciating metro in the country. That 8% appreciation isn’t slowing down. Every month you wait potentially costs you in both purchase price and equity. The Rate Reality Mortgage rates currently range from 6% to 6.2%. If rates drop below 6% and stay there, we will see a feeding frenzy. Pent-up demand from two years of sidelined buyers will flood the market simultaneously. Inventory is already 5.8% below last year. When rates hit sub-6%, competition will intensify, multiple offers will return, and prices will accelerate even faster. Acting before rates drop below 6% might be smarter—less competition, more negotiating power, and you can refinance later. Waiting for the “perfect” rate could mean paying significantly more in a bidding war.
IN
Made with FlippingBook Online newsletter