Mortgage rates just crossed 7%, and the Wall Street Journal says it's scaring buyers away. 😬
But a few people are quietly winning because of it.
When most buyers sit out, the power shifts to the ones who don't.
That means:
✅ Fewer bidding wars
✅ Sellers who will actually help with your costs
✅ Some sellers will even pay to lower your rate
If you're waiting for rates to drop, so is everyone else. And when they do, you're back to competing with ten other offers on the same house.
Here's the part nobody talks about: if you buy now and rates drop later, you may be able to refinance and lower your rate. But nobody lets you go back and lower the price.
Being scared is normal. Just don't let a headline make the decision for you.
📲 Send this to someone who's been waiting for the "perfect time."
Ready to see what your options look like right now? DM me "NO EXCUSE" or tap the link in my bio.
Kevin Brierton | Branch Manager, SVP, CMPS | NMLS #599873
Luminate Bank NMLS #1281698
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