While the Big City Panics About Interest Rates Texas Buyers Are Still Closing and Here Is Why
A Different Perspective on the Rate Conversation
People in the big city are panicking about interest rates. Out here in Texas and Oklahoma and Florida where Judy Miller works things look a little different. When you have survived droughts, hail storms, and Aunt Linda’s infamous potato salad at every family reunion you develop a certain perspective on adversity. Interest rates above seven percent do not quite make the list of things that keep you up at night.
What Is Still Out Here
Land is still out here. Houses are still out here. Motivated sellers are still out here. Builders with incentives are still out here. And Judy Miller at Canopy Mortgage is still out here closing loans for buyers who decided that waiting for a more comfortable headline was not the plan.
The buyers who are active in this market are the ones finding the deals. Seller concessions. Price reductions. Rate buydowns funded by sellers who are ready to move. All of the tools that disappeared during the peak of the seller’s market are available right now to buyers who show up.
What to Do Next
Call Judy Miller and get pre-approved. Find out exactly where you stand, what your payment looks like, and what options are available for your specific situation in Texas, Oklahoma, or Florida.
903-821-4723 or [email protected]. Let’s get it done.
Sources
NAR.realtor
MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
FannieMae.com
Investopedia.com
