Current rates may seem high, but they shouldn’t scare you out of buying.
Let’s talk about the elephant in the room right now: interest rates. Today’s interest rates are now around 6%. That number is shocking for many people, but it’s actually still below standard interest rates, so we’re still in a great spot. An interest rate is something that you date; you aren’t attached to it for 30 years. You can always refinance when rates go down, so it’s a temporary rate to get you into a new home.
Rental prices have also increased in the Triangle by 10%, so do not let these interest rates scare you. Talk to a lender who can help develop a plan for you.
Reach out to us by phone or email if you have any questions. We look forward to hearing from you.