Interest rates are an exercise in living in the moment. The mortgage rates we saw in 2020 and 2021 were great. But that doesn’t mean that you should wait for those mortgage rates to come back–which likely won’t be anytime soon.
There’s no time better than the present to start building equity, and consequently, your future wealth.
If you stay renting while you wish and hope that interest rates will come back down, you’re giving your monthly rent money to your landlord, never to see it again.
But if you choose to buy now, you’ll be able to put that monthly payment to work by building equity and investing in your future.
At the end of the day, if you’re ready to buy and it makes sense for your situation, you should buy rather than waiting for interest rates to go down.
Want to talk more about interest rates and if it’s a good time for you to buy? Send me a DM and let’s talk!
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