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Updated over 2 years ago on . Most recent reply

David Lund's profile image
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David Lund
  • from Columbia, MO
  • Member since Oct 17, 2022
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David Lund's profile image
David Lund's profile image
David Lund
  • from Columbia, MO
  • Member since Oct 17, 2022
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David Lund
  • Columbia, MO
66
Votes |
122
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Market Trends & Data

30-year fixed mortgage rates hit 7.22%, highest in 20 years

David Lund
  • Columbia, MO
Posted

Hello All,

I've been looking to get into the market recently with a FHA loan to house hack a duplex, but as you can see from the title is this a bad time? Any advice or insight is appreciated. Thank you in advanced!


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Doug Pretorius's profile image
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Doug Pretorius
  • Investor
  • from Kitchener-Waterloo, Ontario
  • Member since Aug 3, 2008
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Doug Pretorius's profile image
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Doug Pretorius
  • Investor
  • from Kitchener-Waterloo, Ontario
  • Member since Aug 3, 2008
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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
Replied

@David Lund You can find a motivated seller with a better rate and take over their payments. Or you can find a motivated seller and buy their house with owner financing. Or you can find a motivated seller and lease purchase their house.

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