Lions and Tigers and Interest Rates Oh My

Lions and Tigers and Interest Rates Oh MY!🦁🐯😟 If high interest rates have you scared to purchase your next home you may want to reconsider. Although there is talk of a recession the housing market is stronger than ever as we enter our busiest home buying season of the year. As interest rates are creeping down some, so are home prices. Also, there are still different incentives to home buyers being offered such as the Welcome Home Grant that offers $10,000 to home buyers who are in a certain income bracket. The grant amount increases to $15,000 if you are a Veteran. There is also a MCC Tax Credit that offers you back a percentage of the interest you pay a year on your mortgage as a straight tax credit for the life of the loan. Of course there are still $0 Down loans as well. 

Is the interest rate that is advertised the actual rate?? I'm so glad you asked 😂 The rate you usually see advertised is just the average rate. You maybe eligible for an even lower rate depending upon credit scores and history or type of loan you are applying for. A good loan officer can sit down with you, take all of those factors into consideration and find a loan that best fits your needs. 

Will the market crash? I can't predict the future but I can see the signs all around that are telling me... not any time soon. In our area we are still very short on housing supply with a very great demand for housing, so as of now there is no way that it can. Dave Ramsey who is one of the smartest financial gurus predicted at the end of last year that 2023 would still be one of the strongest real estate markets we have seen. With all of that said, what are you waiting for? Call me today! I have 18 years of experience and I want to help you buy or sell your next property🏠