(Published on - 1/10/2019 6:35:49 PM)
The real estate world is full of myths. Myths that prevent people from making smart decisions when buying and selling and keep people from maximizing their real estate returns.
Let’s count down the top five biggest real estate myths. And debunk each one!
Myth #5. You shouldn’t buy right now because interest rates are rising.
Rising interest rates are a great reason to buy right now!
Historically speaking, interest rates are still exceptionally low. Throughout the 70s, interest rates ranged between seven and 12 percent. The 80s saw double-digits, reaching over 18 percent at one point. The 90s were more in the seven to nine percent range.
Today, you can still get a mortgage loan under five percent with good credit. If you plan to buy, do it now before rates rise!