If you have to buy a new home, it’s time to wait. That’s when interest rates drop dramatically.
the Young couples Who are preparing to build the future together, their main goal is Be able to find a home Of your dreams. In recent years, many people have found it difficult to buy a home, so they have preferred the rental route.
Young people are involved, oftentimes, specifically Economic resources that are not always sufficient Those who are facing high expenses are forced to postpone living together or getting married because housing costs, which are often exorbitant, prevent them from achieving their dream.
Certainly, what has had a greater impact in recent years is the pandemic Covid-19 This certainly did not help our country’s economy, especially in the real estate sector.
Many children often find themselves in a difficult situation with the help of their parents Living with your partner Under the same roof, with relatives, to amortize expenses and postpone the purchase of the perfect home for an indefinite day.
Unsustainable costs for everyone
In addition to the high costs that often disarm young people preparing to take such an important step, they also interest rates It is very high and often insurmountable.
Couples who try, even just to contact banks to request information about loans and mortgages, more often than not, are collecting information that is destined to be thrown away. This happens, not because there is no clarity on the steps to take, but because Expensive numbers And not sustainable.
This is when mortgage rates will fall
As reported El Sol 24 Raw.com, Economic growth is struggling to recover For these very high rates. In fact, just consider that the yield on new issues of fixed-rate bonds last October was 4.47%.
We’re talking about an increase of more than 316 basis points over the last year and a half. So the suffering is really high, and one of the reasons why young people are increasingly waiting is precisely the hope that prices can fall and they can once and for all return to buying without many costs. But from the latest estimates, that also seems to be the case In the next five years It is difficult to assume that we will be able to return to significantly lower interest rates.
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