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06/09/2022
Lower interest rates are not on the horizon so you should buy now.
Should you wait to buy in this market? Mortgage rates have risen to a little more than 5% on average, and they did so considerably faster than people thought that they would. Some buyers have decided to wait for rates to come down as a result. However, the Federal Reserve’s monetary policies tell us that lower rates are not going to be coming back any time soon.
The Fed has scaled back what they’ve been doing to keep mortgage rates artificially low. They were buying mortgage-backed securities and now they’re looking at cleaning up all their books to expedite the process of cooling down the housing market. They’re trying to balance the market out by letting interest rates rise quickly. That’s why now is the best time to buy.
If you’re a buyer looking to lock in a rate that is still historically low or if you have any questions, feel free to reach out to us at (770) 634-9710. We look forward to hearing from you.
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.