Chapter
The importance of considering interest rates when buying a home
19:51 - 23:53 (04:02)
When thinking about buying a home, it's important to consider the impact that interest rates can have on your financial situation. Taking into account the amount of your income that goes towards your mortgage payment can help you put more money towards savings and investments.
Clips
With rising interest rates, it's important to be strategic about buying a house.
19:51 - 22:32 (02:40)
Housing
Summary
With rising interest rates, it's important to be strategic about buying a house. Keeping your PITI (principal, interest, taxes, and insurance) under 25% of your take-home pay can ensure financial stability in the long-term.
ChapterThe importance of considering interest rates when buying a home
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The data points to a stable housing market in 2023, with lower interest rates making refinancing a good option.
22:32 - 23:53 (01:20)
Housing Market
Summary
The data points to a stable housing market in 2023, with lower interest rates making refinancing a good option. If your payment is within 25% of your income, it's a good time to buy.