Is the recent climb in mortgage rates impacting your buying plans?

With 30-year mortgage rates ticking back over 7%, are you holding off on buying? If not, how is it affecting your real estate purchase plans?

Yeah, I’m definitely holding off. I was planning to buy this year, but with rates this high, it just doesn’t make sense financially.

I’m still looking, but I’ve adjusted my budget. It’s frustrating, but I want to make a move before prices go up even more.

Rio said:
I’m still looking, but I’ve adjusted my budget. It’s frustrating, but I want to make a move before prices go up even more.

Same here. I’m trying to find a balance between waiting for rates to drop and jumping in before the market gets worse.

I’ve decided to wait it out. I’d rather not stretch my finances too thin just because I feel pressured to buy now.

I’m actually considering buying now, despite the rates. I think long-term home value will outweigh the short-term cost of higher rates.

Casey said:
I’m actually considering buying now, despite the rates. I think long-term home value will outweigh the short-term cost of higher rates.

That’s a good perspective. If you plan on staying for a while, it might make sense to move forward.

Rates are really high, but I’m still searching for the right home. If I find something I love, I’ll just have to deal with the higher rates.