Don’t wait: Would-be homebuyers are holding out for lower mortgage rates. That's a huge mistake.

[Sad Bunny]

 

[kchin1977]

Buy now, refinance later. Or if things get worse, you locked in at the lowest rate that you could (ex. you buy at 7% but the market goes to 10%).

 

[Insensitive]

Time in the market, not timing the market.

I'm not holding out hope for these cali houses to take a dive anytime soon so I'm
going out of state.

 

[Gloxina]

Lmao!!!


Didn’t we say this years ago?? Yet folks wanted to listen to all the ”experts” on social media telling them to hold out for better rates?!

They’ve been lying for years and NOW they’re telling people to go for it. Smdh

 

[Uitomy]

It’s always a cycle, this type of move worked after 08 , rn it won’t, in a nother decade or so it will. I see it like this, buy a house you can afford, and you don’t have to really give a shyt

 

[im_sleep]

Date the rate, marry the house


Edit: I ain’t even see that was in the instagram post

 

[MajesticLion]

 

[the cac mamba]

there's not really any evidence that the mortgage rates should or would go down. the government is spending obscene amounts of money right now, they just added 1 trillion to the debt in 100 days

and nobody does shyt about it, nobody cuts any spending. so this is what we're looking at for a while. those rate cuts they were talking about later in the year definitely don't sound big enough to hold off on buying a house for

 

[skyrunner1]

It’s always a cycle, this type of move worked after 08 , rn it won’t, in a nother decade or so it will. I see it like this, buy a house you can afford, and you don’t have to really give a shyt

I think the problem now with all cost included (inflation on house prices, high interest, taxes and insurance) most can't even buy a house they thought they can afford..

 

[Sad Bunny]

Lmao!!!


Didn’t we say this years ago?? Yet folks wanted to listen to all the ”experts” on social media telling them to hold out for better rates?!

They’ve been lying for years and NOW they’re telling people to go for it. Smdh

people are dumb.

 

[Standing on business]

Meh. I think it’s more the house prices than the rates. Both combined had made homes unaffordable.

$400k at 8% when 4 years ago that home was $200k and 2.5%. We talking about more than double the monthly mortgage.


shyt is ridiculous out there and this discussion only can come from a very privileged place.

 

[beenz]

Buy now, refinance later. Or if things get worse, you locked in at the lowest rate that you could (ex. you buy at 7% but the market goes to 10%).

totally agree. if u can afford at these rates, u can always get it lower potentially. and if not, then ur already good.

 

[Hater Eraser]

Date the rate, marry the house

 

[Sad Bunny]

Meh. I think it’s more the house prices than the rates. Both combined had made homes unaffordable.

$400k at 8% when 4 years ago that home was $200k and 2.5%. We talking about more than double the monthly mortgage.


shyt is ridiculous out there and this discussion only can come from a very privileged place.

nah lol

I bought a house in 2021 and the rates were 2.5-3% ish but the cheapest new construction homes started around the low 400s. Single family homes were expensive then and they’re expensive now.

The 2020 market was crazy as hell. Even USED townhomes were like 300K. And they wouldn’t stay on the market for more than a week.

 

[Sad Bunny]

totally agree. if u can afford at these rates, u can always get it lower potentially. and if not, then ur already good.

My coworker is looking at houses. She put in an offer. Her mortgage will around 3500 for a 20-year-old house even WTH 10% down. Rate is like 6%.

It’s wild outchea.