11/04/2025
Let’s face it mortgage interest rates are likely never going to be under 4% again in our lifetime barring a major debacle, so be careful what you wish for. The difference may not be as much as you think. The reality is every time interest rates drop a just a smidge, thousands of people that had been waiting flood back into the market which in turn makes prices go up again. Currently, we ARE already seeing multiple offers on some properties in OUR Market. It is unfortunatelt adouble edged sword, do you pay more in purchase price or do you pay more in interest rate. Fact is, you aren’t going to get both price and rates. It is going to be a choice.