Buy Now or Later - Can You Still Get a 2% Mortgage?
Is Now the Time to Buy with Rising Interest Rates? Are you considering purchasing a home but unsure about the impact of rising interest rates? It's a common concern, and in this article, we'll explore the pros and cons to help you make an informed decision. As of the recording of this message, interest rates stand at 7.81% and are predicted to continue climbing. While there isn't a one-size-fits-all answer, let's delve into the benefits of owning versus renting and the risks associated with waiting for lower rates. The Benefits of Owning If you're currently renting, one of the major drawbacks is the lack of control. Your landlord can raise rental rates, decide to sell the property, or face financial difficulties, leaving you in a precarious position. Owning a home grants you stability and control over your living situation. Instead of paying a landlord and building equity for someone else, you are building equity in your own property. While there may be financ