Recently, we received a listener mail that asked a great question: “How will rising interest rates impact the real estate market?”
Since we aren’t financial experts, we decided to call in reinforcements in the form of Patrick Morales. Before becoming a Loan Originator, Patrick was a Financial Planner, so we thought he would be a great person to answer this question.
During the discussion, Patrick shares with us what you as a buyer can do to prepare for higher interest rates to take the best advantage of the situation.
He also shares some very useful information for anyone who currently owns a home who had a loan modification done in the last 5 years. If this is you, don’t miss this episode!