Just when we thought interest rates had stabilized, they shot up quickly the beginning of August 2023. It has some buyers wondering if now is still the right time to buy or should they wait. Michael Koorman from Eagle Financial joins us to discuss how interest rates and low inventory is impacting the market and why waiting doesn’t guarantee a lower mortgage payment. We also discuss next year’s election, inflation and how over 1 million existing home owners have re-financed as part of a plan to blended mortgage plan.
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