Digital Risk co-founder Jeff Taylor told FOX Business’ Neil Cavuto that now is the time for new homebuyers to take advantage of the bigger inventory on the market.
“If you’re looking to get into the housing market, i.e., you don’t have a house right now, this is literally the perfect time,” he during an interview on Monday. “Interest rates are about a one percentage point less than it was this time last year … that’s a 10 percent savings on a 30-year mortgage a month.”
The reality is SWEs bought 1-2 years ago at higher price and higher rate Reality doesn’t back up your hypothesis that price rises with rate going down.