1 + 1 = 3
- Interest rates are rising +
- prices are coming down in some locations =
- similar mortgage payment at a lower interest rate
Buyers talk about interest rates going up. Buyers talk about prices possibly coming down. Buyers just don't talk about them together!
It's very possible that a Buyer's costs for mortgage payments may not change much if we look at it as a whole rather than independent of each other.
Success in real estate depends on flexibility & creativity. Look for all the ways a deal can be done.
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