What do you need to know about the current real estate market? It doesn’t seem that the market is cooling down just yet. We are still seeing bidding wars and multiple offers. While it may not be as intense in the market as it was a few months ago, you still need to be creative to stand out from other offers.
Since September we’ve seen a steady climb in interest rates. What will the peak of rates be in 2022? It’s good to remember that we still have historically low rates, but it’s important to keep in mind what the future holds. On today’s episode, Bill discusses these market updates and what waiting to refinance could mean for your future.
If you have questions about a mortgage or refinancing you can get your 15-minute free consultation with Bill: https://calendly.com/blitton/30min?month=2022-01
1:03 – Is the market cooling off?
1:46 – What are rates like?
2:41 – What will rates be like in 2022?
3:16 – We still have good rates
4:29 – The cost of waiting
QUOTABLE MORTGAGE MOMENT:
“Right now, if you are thinking about refinancing, it’s a really good time to dig into it and see what the numbers look like… Doing something now makes sense because the rates are still really, really low.”