TO RENT OR BUY

Should you RENT or BUY? 🏡

If you’re waiting for the market to crash before buying, here are some projections to consider —

🏡 Home prices remain consistent and are showing no sign of falling. There is just far too much demand & not enough inventory for home prices to drop.

💰 Rates dropping is unlikely from here, and the current economic conditions (like inflation & additional Fed policy rate hikes expected) support rates possibly moving even higher throughout the year.

Don’t let this scare you - interest rates are STILL crazy low. As a reminder, if you are renting, your interest rate is 100% 🤯

As an example of these potential impacts:
• A $20,000 increase in sales price/loan amount + a .5% increase in interest rates will cost roughly ~$200/month

If you’ve been waiting for the ‘right time‘ to buy, that time might be now! If not now, it is never too early to put a plan in place for the future ☺️ reach out, and let’s talk about options!

A special thank you to mortgage loan officer Alexis Zukanoff for this important info! She is one of the best loan officers in the industry 🙌🏻 So grateful for her expertise & hard work for all of my clients!

💌: mallori@markedbymallori.com
📲:218-730-7216
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LOAN OFFICER —
💌alexis.zukanoff@fairwaymc.com
📲 952-240-6179