Mortgage rates dip below 7%. Is now the time to buy a home?
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- Опубліковано 23 тра 2024
- Mortgage rates are showing signs of easing, falling below the 7% for the first time in a month. Melissa Cohn, the Regional Vice President of William Raveis Mortgage, joins Wealth! to discuss her outlook on the housing market.
Cohn notes that as rates continue their downward trajectory, "more buyers will come into the marketplace." She advises individuals looking to purchase a home to buy now. As the number of homebuyers increase and rates continue to drop, Cohn says "prices are likely to go up."
Cohn also highlights home sellers, noting the importance of finding "that happy medium." For those looking to sell their properties, she says they must remember that they will ultimately be in the market to buy as well.
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These people will look at you square in the face as your about to die and still tell you its the perfect time to buy
Yeah but then you’re hoping the rates come down, if they don’t come down then you’re just screwed with a high interest rate
"Well, thank's for reminding me..."
I felt that.
Rates are not going to crash.
Yahoo wth. You guys are incapable of giving good advice. You are a paid advertising company posing as a financial channel.
For renting whatever she told is the classic answer any realtor will give. Just ask her, for the 30yr loan, for the first 10years, how much of principal is paid off ? That answers rent VS buy question.
Rates are up as of yesterday
if your credit is high you can still get slightly below 7% today
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