09/16/2026
This is a WINDOW of OPPORTUNITY if you've been priced out of the housing market, trust me, this is how WE GOT OUR HOUSE, a Teacher & a Massage Therapist, priced out of the housing market, the high interest rates got us INTO our FIRST HOME!!!
You can always refinance later, but houses currently on the market are about to take a PRICE DROP, this is how we bought our first home in Seattle!!! Sure 7% sounds scary but it's also an incredible time to get the best price you ever could get on a home, then when the rates change, you just do a REFI & a couple years later you have a home bought for a bargain at a good interest rate, worth it!!! We were so priced out of the Seattle market years ago, but in 2008 when interest rates went all the way up to 6 % you could hear the crickets in the open houses, we bought our beautiful midcentury home in Whittier Heights for only $300K just a few years later, mortgage rates dropped all the way down to 3%, we refinanced & then we had an affordable home & a low, low interest rate. Then we sold that home for $565K in 2016 to move to Bend giving us plenty of money for a down payment on our next home, but once again, we were priced out when the interest rates were low, but luckily in 2018 interest rates spiked up again to 5% & that's when we got our home for an incredible deal, $285K in BEND?!/!! 2020 when the interest rates dipped way down again & the housing market was super competitive, people outbidding each other & foregoing inspections, which is not how I'd want to buy a home at all, we were able to REFI that year, take some money out of our EQUITY to do buy brand new appliances & now we have an incredibly affordable home at a low, low interest rate, so it actually can SERVE you to BUY at a High Interest Rate believe it or not!!!! If you're interested in buying a home in Bend, I have been watching some great homes drop in price lately, I can help you get a great deal, then just refi later on!
The Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card.