Is it the worst time to buy real estate because of the interest rates?

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If you’re looking to buy, I would recommend you do it as soon as you are ready. Nonsense in waiting since all signs point to interest rates being higher for the near future (6-18 months, or more). If this ends up being wrong, and rates go down, then you can always refinance.


No, cuz interest rates will be higher in the next 6 months.

Anyone’s guess. Could go up or down. But the sooner you buy a place and start paying off principal, the sooner you can start generating equity.

I don’t think prices will tank like many may hope. You may see a small cooling off, but not a 20% or 30% tank. And if interest rates drop, you can refinance to the lower rate and take advantage, it’s not like you’re completely stuck for 30 years.


Historical interest rates in the US

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Those are commercial mortgage rates. Image above is Fed rates, which commercial rates are derived from. So historical commercial mortgage rates have been way higher; even with recent increases, this are still historic lows.


There seems to be general consensus that interest rates will only go up and a mixed bag about prices (some say drop due to low demand (due to int. rate), some same leveling off to offset interest rate increases, some think they will continue appreciating at a slower rate as institutions have lots of money to deploy in your top 20 markets). I certainly wouldn’t call it the worse time and don’t think it’s even a “bad” time given unknown price movement and ability to refi if rates do drop.

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