新媒网 · 跨境数据社区

I get asked all the time. "Matt, when are rates coming down? I've been thinking about buying but there's no way I am going to buy with such high rates." If you are in the business, lending side or realtor side, you've been asked this question. Here's my response......The Cost of Waiting The average 30-year fixed-rate mortgage in the United States from 1971 to 2024 was 7.73%. However, rates have fluctuated over time, reaching an all-time high of 18.63% in October 1981 and a record low of 2.65% in January 2021: Scenario: In 1971, the interest rate for a mortgage was 7.33%. If you waited for the interest rates to go down, you wouldn't have purchased a home until 1993. You have rented for 22 YEARS waiting for rates to go down, meanwhile the value of real estate QUADRUPLED. Don't wait to buy real esate. Buy real estate and wait. Marry the house date the rate. Curious what that looks like in your area? Check out the attached. NC Realtors Realtors South Carolina Association of REALTORS National Association of REALTORS®