With Rising Mortgage Interest Rates—Now is the Time to Buy

With Rising Mortgage Interest Rates—Now is the Time to Buy

A couple buying their new Logan home.

April 20, 2022

Within the past few weeks, the housing market has created a frenzy across the country. With mortgage interest rates on the rise, and the demand for homes continuing to climb even higher, there are a number of reasons why you should consider buying sooner rather than later if you truly want your new home to be in your immediate future. 

At Logan Homes, our team knows the industry inside and out. We understand how important the decision to purchase a new home is—and with the uncertainty that the market can sometimes bring, we want our homeowners to feel as comfortable as possible in order to make the best decision for them. 

A couple buying their new Logan home.

The rise of interest rates and demand

In the last few months, interest rates in the housing market have been steadily increasing, and some potential homeowners are wary of the idea of buying a new home at the moment. However, rates are expected to continue to increase as we get farther into the year, so if you plan on waiting for rates to decrease, you could be waiting longer than you wanted.

Since the pandemic, the housing market has been highly competitive throughout the country as a number of individuals were either looking to move out of the crowded city areas and into a spacious home, or they were simply looking to move into a larger home in order to accommodate the new requirements we needed our homes to meet (such as having additional space for a home office). With that in mind, waiting for the market to drop back down might not be ideal if you’re hoping to move into a new home soon. 

New home for the new school year

For potential homeowners with school aged kids, now is the ideal time to try and get into your new construction home before the school year begins once again in the fall. At Logan Homes, we meticulously look into the best neighborhoods throughout North Carolina, South Carolina and Georgia for us to build our new home communities within because we understand how many factors come into play when it comes time to choose where you want to set down your roots. With higher education top-of-mind, you’ll be able to find the ideal school district around our communities that offer incredible opportunities for your kids to advance in their academics, athletic pursuits or extracurricular activities.  

Only a phone call away

At Logan Homes, our team specializes in helping our clients find the home that fits their needs, and we don’t plan on slowing down our work anytime soon. The housing market is constantly changing, but the emotional and financial savings that come from purchasing and owning your own home will always be at the forefront of our industry, no matter what. 

If you have any questions about whether or not this is the right moment for you to purchase a new home, we would love to hear from you. Give us a call at  (910) 507-2115 or fill out our online form today.