7% and Rising – Why This Scary Number May Be the Best Time to Buy
Today on Real Estate Right Now, we’re tackling the number everyone’s talking about — and nobody’s happy to see. Mortgage rates just crossed 7% for the first time in over a year, capping four straight weeks of increases. My guest is Paul Fitts, senior lending officer at Advantage Lending, and he’s here because he’s been in this business long enough to know that headlines and opportunity are two very different things. If your gut reaction to “7%” is to freeze, this episode is for you — because we’re flipping the script on what this number actually means for you as a buyer. Let’s be straight about the facts first. The[…]
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