Today I’m joined by Pete Metz with Loan Simple to explain how mortgage rates affect home prices and answer a few questions about our market.
For your convenience, I’ve provided timestamps of our discussion so you can skip ahead to the sections that interest you most:
0:48—Mortgage rates have fluctuated over the past few months, but what does that mean?
2:27—Can buyers in the $300,000 price range afford more or less than they could six months ago?
3:09—What do local appraisers say about our market?
4:58—Are we in the same kind of bubble we saw before the last economic downturn?
6:32—Why now is a great time to buy
7:21—Are 100% financing options for first-time buyers going away?
If you have any more questions about our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.