Admit it – you’re kind of afraid of today’s mortgage rates, aren’t you? I know some of my buyer-clients are. But they need not be. Why?

Here’s the bone-chilling truth. The difference between buying a $1,000,000 home at today’s typical rate (around 6.2%) and waiting for 5.99% is about $100 a month on a $800,000 loan in the Washington DC market. That’s not the game-changer many buyers think it is.

And with DC area home prices still projected to rise about 4%, waiting for a rate in the 5’s could cost you more in the long run in down payment and loan amount. That’s an eerie situation you don’t want to be in.

Because once rates dip below 6%, more buyers will be back in the market, and you could be left in the dark when competition increases, inventory tightens, and negotiating power starts to fade.

So, if you’re ready, don’t be scared of today’s rates. Now might actually be the moment to make your move while others are still waiting for “perfect” conditions to appear.

#HousingMarket#MortgageRates# http://bit.ly/3LcdARi