U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday.
Yeah I mean the alternative is to just abandon your plans for home ownership altogether. One of my neighbors is in real estate and says people are buying now and hoping the rates come down soon so they can refinance at a lower rate and drop the payment. It’s pretty dangerous since buyers are super stretched until they can refinance and it’s not even close to a guarantee that they will actually be able to get a lower rate anytime soon.
Yeah I mean the alternative is to just abandon your plans for home ownership altogether. One of my neighbors is in real estate and says people are buying now and hoping the rates come down soon so they can refinance at a lower rate and drop the payment. It’s pretty dangerous since buyers are super stretched until they can refinance and it’s not even close to a guarantee that they will actually be able to get a lower rate anytime soon.