Real Estate Listing Agent in Montrose, CA, Advises Clients That Waiting for Lower Mortgage Rates Could Cost Thousands More in Rising Home Prices
Montrose, CA -- As some prospective homebuyers across California still wait for mortgage rates to decline before entering the market, they may be overlooking a crucial factor: rising home prices could ultimately cost them far more than current interest rates. Market data shows that home values continue to appreciate, and delaying a purchase to wait for better rates could result in buyers paying tens of thousands more for the same property just months later. Vic Markarian, a seasoned real estate agent in Montrose, CA , emphasizes the importance of looking at the complete financial picture. "Many buyers focus solely on interest rates, but they're missing the bigger story," says Vic Markarian. "When you factor in home appreciation, waiting for rates to drop by half a percent while prices climb five to ten percent doesn't make financial sense. You can refinance a rate, but you can't refinance the purchase price." Markarian speaks from experience. “When I pu...