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Ep 16: What to Consider in This New Higher Rate Market
Manage episode 333735281 series 3012587
Treść dostarczona przez Bill Litton. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Bill Litton lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
Interest rates are rising and it seems likely that they will continue to do so. Historically, rates are still not bad. But a jump from 2.5% to 6% is a big jump and it’s changing the housing market and the trends we are seeing.
With inflation still very high, we should expect to see these higher rates for a while. So, what are some of the things you need to really consider in this higher rate market?
If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
TIMESTAMPS:
0:44 – What are we seeing in the market?
2:32 – Are rates the major concern?
3:33 – Will the market volatility stabilize?
4:23 – The affordability of houses
6:25 – Refinance opportunities in the future
8:32 – Considering closing costs
10:05 – Adjusting the downpayment
12:02 – Buying a house is still a good investment
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and info.
Call: 484-352-4151.
Visit LendUS® on the web.
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