HomeBusinessHousingHomebuying Currently: Buy House Now & Refinance Later
Homebuying Currently: Buy House Now & Refinance Later

"With interest rates hovering around 6%, first time homebuyers are shifting to what is affordable versus what is ideal. High rents will lead to an influx of buyers in the beginning half of 2023. The only advantage homebuilders have now versus six months ago is that labor and supply costs have leveled," says Rogers Healy. "Soaring mortgage rates and stubbornly high home prices are undercutting overall demand. Homebuilders are now offering incentives to entice buyers who gave up waiting for new homes. Buy the house now and refinance later to win at this game called homebuying," says Debbie Bloyd.

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21 Sep 2022

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