years, and it seems like it’s taking us out for another ride as it works its’ way back to “normal.” Today, the seller’s market is cooling down as interest rates begin to rise. In fact, mortgage applications are down 75% from a year ago—the lowest in 22 years. If you’re in the market to purchase a new home or are considering refinancing your existing home, you might feel a sense of panic. Does it make sense to buy in this market? Will interest rates continue to rise? What’s really happening is the equalization of a market that’s been running rampant for years, resulting in low inventory, fervid competition, and massive price gains.

In a new episode of A Place of Possibility™, we’re shedding light on everything you need to know about current interest rates and refinance options. We also discuss some of the programs currently available for first-time home buyers and welcome Del Monte Group’s support advisor Leo Bojorquez to explain how they work and how he has benefited from these programs personally. Tune in to hear more about:

• Why interest rates are rising but will most likely stabilize soon
• How a HELOC is more beneficial to you than refinancing your home if you need quick access to cash
• Why adjustable-rate mortgages (ARM) can actually be beneficial for home buyers
• Programs available for moderate-income first-time home buyers for forgivable down payment loans and grants that pay closing costs

And more!

We know it’s hard right now to purchase affordable homes or make investments, and you may be holding out, hoping prices drop. While that may not happen, hope is not lost. Download a copy of our free guide and listen in for strategies to help you stay on top of your housing and real estate investment game.