Buyer's Guide

Expert Insights for Today’s Homebuyers

Experts throughout the industry agree, if you’re thinking about buying a home, it’s a great time to invest in homeownership, even in a competitive market. Here's what they have to say about the latest in real estate.

"Homeownership is regarded as causing an improvement in the quality of life of a typical family. It is the most common method for such a family to build wealth that can be used for retirement or other needs, including helping the next generation. Such wealth creation, therefore, provides a major social as well as an economic benefit."

- Don Layton, Senior Industry Fellow, Joint Center for Housing Studies at
Harvard University
"Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year."

- Lawrence Yun, Chief Economist, National Association of REALTORS® (NAR)
"By some measures, house prices seem high, but the recent price increases make sense from a supply and demand perspective."

- Bill McBride, Author, Calculated Risk
"If you find something you like, that’s within your budget, and you plan to hold onto it for a few years, then buying a house might be cheaper than renting."

- Ralph McLaughlin, Chief Economist, Kukun

Why You Shouldn’t Be Upset by 7-8% Mortgage Rates

With the average 30-year fixed mortgage rate climbing above 7-8%, rising rates are one of the big topics of discussion in the housing market today. But as a homebuyer, do you wait for interest rates to drop or do you take advantage of a less crowded market and refinance later?

Give us a call or text us at 703-867-4309. Let's explore and help you expertly evaluate your options.

Today’s Rates Still Give Buyers Great Opportunity

Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment when you purchase a home. But it’s important to put today’s average mortgage rate into perspective. Even though rates today are climbing back into the 7-8% range, there are other benefits to consider. Today’s rates may be higher than a few years ago, however, industry experts suggest you will likely be able to refinance in a few years and enjoy home equity and potential asset appreciation.

Please complete the following form to download our full home buyer’s guide

Home Buyers Guide | Winning Strategies in a Changing Market | The Alliance Group TTR Sotheby's International Realty

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What Does This Mean for You?

Being upset that you may have missed out on sub-3% mortgage rates is understandable. But it’s important to realize, buying now still makes sense, as experts project rates will continue to rise. And when rates rise, it will cost more to purchase a home.

As Mark Fleming, Chief Economist at First American, explains:

“Rising mortgage rates, all else equal, will diminish house-buying power, meaning it will cost more per month for a borrower to buy ‘their same home.’”

In other words, the longer you wait, the more it will cost you. Being educated and informed on the homebuying process is incredibly important today, so you can make the best possible decision about when to purchase a home.

Expert Insights for Today’s Homebuyers

Why You Shouldn’t Be Upset by 7-8% Mortgage Rates

Today’s Rates Still Give Buyers Great Opportunity

Please complete the following form to download our full home buyer’s guide

What Does This Mean for You?

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Buyer's Guide

Expert Insights for Today’s Homebuyers

Why You Shouldn’t Be Upset by 7-8% Mortgage Rates

Today’s Rates Still Give Buyers Great Opportunity

Please complete the following form to download our full home buyer’s guide

What Does This Mean for You?

Work With Us

Follow Us on Instagram

Follow Us on Instagram

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