Mortgage rates rise and home prices rise not even sure what the difference is between the two. How does this affect my chances of buying my new home? I don’t really get Real Estate jargon and I’m terrified of getting scammed.
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Rwj212 is right! Typically (especially now) you wouldn’t keep your rate long term. You see as interest rates eventually adjust down you can lower your rate by refinancing.
As far as house prices go those are actually adjusting down, not up. The reason rates are so high is to decrease the housing prices. It accounts for the majority of inflation.
As far as finding someone to help that can be pretty difficult to find a good lender that can get you the best deal. A real estate agent is easier you can just check reviews.
If you want to ask me specific questions on the process I’d be happy to explain. I do both real estate and lending so my knowledge is vast. I do a lot of videos on this topic on insta and YouTube you can contact me there or go to my site that is just my name dotcome.
Chris Hageman
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