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Rates HIGH Buyer’s Market
Mortgage rates and current market conditions for buyers. — Contrarian view on high rates being a good time to buy.
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Full Transcript
would I want to be coming in at 6 5 market or where you have a chance to make an offer on a house and have the time to think about it and maybe get your offer accepted at price or maybe slightly above or below the purchase price Or do I want to come in at 5 5 If that ever happens again we don’t know But if it ever does do I want to come in at 5 5 where you’ve got all these bidders coming in and the house is just going up up up In my mind this is a great time to get into the market considering what could happen if rates go down into the fives which by the way I don’t see happening anytime in the near future We’re looking at seven before we’re looking at five right now I think Really You think it’s going to go up before it goes down You think the gas is coming down to a dollar and rates are coming to two No I’ve not ever said that Don’t put words in my mouth now I think gas will get back down to around 3 a gallon and I think interest rates will probably get down into the high fives like it was prior to the war there in.