Why You Should Start Considering Your Home-Buying Journey Today!

Think of a mortgage lender like a weather forecaster. Nobody is capable of being completely accurate all of the time, but an industry expert can make a pretty close prediction that can leave you confident. 

House prices are strongly influenced by supply and demand. Although there was recently a slight dip in home prices, property prices have actually increased. And this is likely a trend likely to continue due to sustained high demand.

One of the key factors that have caused the increase is the housing supply shortage. Labor shortages and supply chains have impeded the construction of new stand-alone houses. In previous years, new house construction assisted in regulating the demand for houses. But because of the shortages, house prices may continue to increase.

Interest rates will likely continue to increase and level throughout the year, as reported by earlier 2022 forecasts. The previous year, real estate experts forecasted that average interest rates would break the 3% range in 2021. 

But, Aksarben Mortgage reminds all potential homebuyers to not get caught up in worrying about rates.

“When it comes to rates, I have been saying that if you buy now, you can get locked in at today’s rates before they go up anymore, and if they drop after you purchase, you can take advantage of lower rates by refinancing,” Aksarben Mortgage Co-Owner/Mortgage Advisor Nick Zwiebel said.

“You marry the house and date the rate,” Aksarben Mortgage Advisor Leslie Larson added.

There is no perfect time to buy a home, as the best time to buy a home will vary for every potential buyer. But, it’s essential to consider your financial situation and understand how buying will impact your bottom line each month.

Market conditions are still considered favorable by industry experts. Plus, you may find that your mortgage payments would cost less than you’re currently paying in rent.

If you’re ready to buy a new house, give our mortgage professionals to help you get started.

* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.


* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.