Fall in Love with the House, But Just Date Your Rate
If you’re tired of throwing away money on ever-increasing rent payments, know there are options here in Charlotte, North Carolina. The key is understanding the relationship between home prices and mortgage rates. While the adage says to “marry the house but date the rate,” current conditions actually call for falling in love with the house while just dating the rate.
What does this mean? The house itself is long-term; you can make it suit your needs for years or decades to come through renovations and remodeling projects. Mortgage rates, on the other hand, fluctuate often depending on market conditions. So while you don’t want to become attached to a particular rate, you do want to commit to the right house for your needs.
The Best Time is Now for Charlotte Homebuyers
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