Pros and Cons of Buying With High Rates MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgnet

“Marry the house, date the rate” is a common phrase in the housing industry, especially since mortgage rates have risen throughout 2023. But it’s not just a phrase; it’s a strategy too.

It’s simple: Focus on finding your dream home — the one you want to live in for the long haul — and treat today’s higher rates as a temporary path to get there. Then, you can commit to refinancing once interest rates drop.

While this is a logical approach for some homebuyers, it’s not the right move for everyone. Consider these pros and cons before using the strategy.

Pros
Typically, the biggest advantage of the “marry the house, date the rate” approach is that you……..

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FIRST TIME HOMEBUYERS