Shifting The Perspective On High Interest Rates
SHIFTING THE PERSPECTIVE ON “HIGH INTEREST RATES” Yes, we have seen historically low interest rates within the last few years also known as “Unicorn Years” in Real Estate. Sorry, but 3-4% interest rates are not a thing anymore and probably won't be back.💥🫧 Please, do not fixate on the interest rate! Don't let the interest rates decide if you should buy a home. Let's try to shift your perspective and give you something to ponder. WHY INTEREST RATES ARE HIGH When the market started to shift, and the government started to increase inflation, the interest rates shot up rapidly, leaving people with that feeling of, “sticker shock” and fixated on interest rates only. People who were in the market to buy a home lost a lot of purchasing power. Many decided to put off their dream of buying a home and to wait until the rates went “back down” to 3 and 4%, which isn't normal. 🙄 Many other people thought the market was going to crash… that's a whole ‘nother topic in its
