Interest rates are one of the most crucial factors in determining the true cost of buying a home. Even a small shift in rates can have a lasting impact on your mortgage payments and overall home affordability. Let’s dive into the ways interest rates influence the cost of homeownership and what buyers should keep in mind as they navigate today’s market.

Buyer’s Agency was a foreign concept where I was growing up. If someone wanted to buy a house, they simply would call the number on the sign out front, and say they wanted to walk through the house, and if they liked it they would make an offer. This still happens today, but most buyers use what’s called a buyer’s agent when they want to buy real estate. A buyer’s agent advocates for their needs, clears up confusion, and finds properties that can’t simply be searched up online.