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Updated about 4 years ago on . Most recent reply

User Stats

24
Posts
11
Votes
Scotty Gifford
  • Realtor
  • Houston, TX
11
Votes |
24
Posts

How to use these low-interest rates to our advantage?

Scotty Gifford
  • Realtor
  • Houston, TX
Posted

Mortgage rates continue their slide lower and lower. I think it is a great time to buy if you were going to move anyway. We moved back in March and got 3.25% on a 30 year fixed mortgage before the Houston market got really hot. 

Wondering is anyone else considering moving up in House (price) because house values can be a hedge against inflation and/or, good use of credit to borrow at these 50-year record low-interest rates?
Maybe now is the time to move up to high-end rentals with less cashflow but better appreciation? 

The 30-year fixed-rate mortgage 2.67%, the lowest rate ever recorded by Freddie Mac, with records dating back to 1971. reference

https://magazine.realtor/daily...

I do feel pressure to look for ways to use this low rate environment to my advantage. I am still actively looking for more rentals, but I see lots of money chasing deals in this low-interest-rate environment. You have to be quick! I feel like everyone is looking for better returns on their money than the .5% you get on saving accounts!

I would love to hear everyone's thoughts on how to use these low-interest rates to our advantage?

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