Why Home Buyers Shouldn’t Be Wary of High Interest Rates

Dated: November 28 2023

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Why Home Buyers Shouldn’t Be Wary of High Interest Rates 

In the current economy, potential homebuyers may find themselves hesitant to pull the trigger due to high-interest rates in the housing market. It is important to recognize that despite the financial implications, investing in a home remains a wise decision for many reasons. 

Real estate has historically proven to be a valuable asset that appreciates over time. 

 Home Ownership Wins 

Even through recessions where properties don’t gain equity for a couple of years, the housing market always recovers & grows with time. With the current higher interest rates, the potential for long-term gains in property value can outweigh the immediate impact on mortgage rates. 

Owning a home provides stability and acts as a hedge against inflation. While renting a home, the rent money provides no return on investment and continues to increase yearly. Homeownership offers a unique opportunity to build wealth over the long term, even in a high-interest rate environment. Many mortgage companies are now offering programs that will refinance your loan for free once interest rates have gone back down.

Contact a Lender 

   Lastly, the emotional and psychological benefits of owning a home are invaluable. Homeownership often gives a sense of community, stability, and personal fulfillment. The ability to customize and  personalize one's living space fosters a sense of creativity and independence. In the long run, aspects of owning a home contribute to  your overall well-being, making the financial investment in a property rewarding despite the challenges posed by high-interest rates. 

While high-interest rates may present initial hurdles, the enduring value, financial benefits, and emotional wellbeing associated with homeownership make it a very rewarding decision in the long run.

Contact us to get started! 

BST Realty LLC, Oregon Licened Real Estate Brokers and Property Managers

971-900-4050

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Lisa Santana

Lisa Santana, Your Real Estate Expert and GuideLisa's journey into real estate began in 2002, and since then, she has developed a deep understanding of the local real estate market and trends, propert....

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