E055: With interest rates hovering around 7%, is now a good time to buy a home? Jason Williams talks with Nicole Saunches about where the opportunities are for buyers
The market has slowed considerably since the pandemic frenzy. Since then, interest rates have eclipsed 8% and exceed 7%. These rates may seem astronomical following the historically-low rates we saw in 2020 and 2021. And, yet, the current interest rates hover near the median interest rate since 1975 (7.14%) and far lower than the 18.63% rates experienced 1981.
For buyers who are looking to make a purchase, Jason Williams with Guild Mortgage speaks about where the opportunities are and why making a purchase still can be a great investment despite the current interest rates.
If you would like to speak with Jason to determine whether or not you are mortgage-ready, you can reach him by phone at 317-847-7161 or via email at jasonw@guildmortgage.net