Let’s Talk About Mortgage Rates

On September 6th there is going to be another announcement about mortgage rates, are they going to go up, down or stay the same...

While we are all a little nervous that they might go up, I love looking back, and seeing that they aren't that high according to history, we were just spoiled rotten for the past few years and so what we are going through right now feels awful.

The 80's... that was awful, but even in the early 2000's the rates were still higher than we are seeing now. It has been nearly 20 years since I bought my first home, and I wish I could remember what my first interest rate was, according to this it would have been somewhere between 6% and 8%... so still higher than what I have right now.

And remember, when the rates are higher is the time to buy, when everyone else is pulling back, this is the market that investors love, and if they love it you should love it too.