💰 There is no secret that paying mortgage to build up your own equity is always better than paying rent to contribute to someone else’s equity. Yet, many Buyers are on the sideline for the past months while mortgage rates rose. 🎉 The GOOD NEWS is interest rates have moderated in recent weeks as early signs hint that inflation may be easing. As the mortgage rates get more favorable, you can expect more buyers to jump back into the market. For you, that means you’ll once again face more competition. 🏡 Buying your house now before more buyers re-enter the market could help you get one step ahead. As Lawrence Yun, Chief Economist for NAR, says:
“The upcoming months should see a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November.”
If you’re thinking about buying your house in Palos Verdes and South Bay 📱 call Stephen Haw at (310) 503-9886 to help you strategize your best moves now. DRE#00808646 Keller Williams Palos Verdes Realty
Call 310.503.9886 or email skh8828(at)gmail(dotted)com for professional guidance from The Stephen Haw Group, your local experts with international connections.