Are you feeling trapped by a historically low mortgage rate? You are not alone.
Trevor Halpern, the number one independent agent at eXp Realty in Phoenix, recently sat down with John Hook on @Fox10Phoenix to discuss the current state of the Phoenix housing market.
In this interview, Trevor breaks down the agonizing decision many homeowners face when considering whether to move and give up a 3% mortgage rate. He explores historical rate trends, explaining that 6% is actually trending right along the thirty-year average. Trevor also dives into the delicate balance of supply and demand in the Sunbelt and the true financial reality of waiting for interest rates to drop.
Additionally, Trevor shares his expert insights on how large corporate investors and hedge funds are impacting entry-level homebuyers, and he discusses the potential unintended consequences of government intervention in the free market.
If you are looking to navigate the Phoenix real estate market with strategy and expert guidance, reach out to Halpern Residential today.