Interest Rates are rising – Is this a good time to buy a home?

Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Maxus Realty Group Agents are local specialists with knowledge to help you buy and sell the right home, at the right price.

We are passionate about you as a client, we will always protect your best interests just because it's the only way we do business day in and day out.

Today, we'll talk about Interest Rates are rising – Is this a good time to buy a home?



Everyone knows, overall, home prices have been rising together with interest rates. This has been a moving market, and it is representative of our local economy and national financial trends.


Is this a good time to buy a home?


The answer will always be depending on your current situation. If you are renting, essentially you are paying 100% to your landlord and paying 6% even 7% for a mortgage still a better move for you.


While the mortgage rate has risen, it is still not unreasonable a higher percent interest on your home loan and let me tell you why?




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Comments (2)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Thank you for the great information in your blog today to share with us here on the Rain.  Make it a great day! bill

Jun 15, 2022 02:13 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Very true!  Why pay someone else's mortgage.  Growing an estate is priceless!  

Jun 15, 2022 09:37 PM