Should first time home buyers rush to get a mortgage before they rise too far? Are these rising mortgage interest rates a reason to hold off on buying a home? Or should buyers take a deep breath and jump into the sea of homeownership even with higher interest?
There was a report by the Builders Association that stated even if every builder constructed houses at maximum capacity, there would still be a housing shortage at the end of 5 years. The longer someone waits, the more they will pay.”