Rising Interest Rates: Here’s why now is the time to buy
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Rising Interest Rates: Here’s why now is the time to buy.
You or someone you know may have been thinking of buying a house but are a little hesitant because you have been hearing a lot about rising interest rates.
At our local Credit Union, the 5-year fixed rate has increased 3.9% in the last 22 months. Many buyers are saying “I want to buy, but I want to wait to buy a house until interest rates go down”, which I totally understand! If I wasn’t daily analyzing the market, I might agree with you.
The thing is, do you know what else has changed? There are no competing offers when buying a house and you can often negotiate a better deal and get below asking price.
We have a very stable real estate market in Manitoba, not to mention our…
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