THE BENEFITS TO BUYING A HOUSE WHEN INTEREST RATES ARE HIGH

THE BENEFITS TO BUYING A HOUSE WHEN INTEREST RATES ARE HIGH

Mortgage rates hit 7% and beyond toward the end of 2022, rising from less than 3% in 2021. But does that mean it’s a bad time to buy a house? Not necessarily.

As long as buyers consider their budget carefully and can afford the home they want, it doesn’t make sense to wait. Here is a list of benefits to buying despite elevated rates.