Why would I buy a home now with mortgage interest rates “so high”. History will show that a 5% 🏦 interest rate is not considered high. Although, it definitely is compared to 2%, but that rate was not sustainable in our market. It needed to go up at one point. A higher mortgage interest rate is removing some buyers from the housing market. As a result, there’s less competition to buy a home creating great opportunities for the current homebuyer!
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