Rates have gone up in 2022. Were you planning on making any moves in the housing market? Don’t let the rates stop you now. While it is true that the rates have spiked a bit, investing is still lucrative. One of our owners, Paul, explains in the video below.
Paul Apostolakis 0:00
Yup, rates have gone up what’s up everyone, Paul Apostolakis here with your omega 60 rates have kind of sharply gone in the upward direction and we kind of saw this coming with inflation, but we didn’t expect to be so sharp. With that being said, interest rates at 4% still make real estate a very lucrative investment, potentially, if there is what we think is gonna be double-digit gains in 2022 in your home value. So, interest rates of four or 5% if you’re gaining 10 or 12% in your home still make real estate really palatable when we’re talking about investment. Thank you. Have a wonderful day. We’ll talk to you soon.