Here’s what you need to know about interest rates in our market.

Thinking of buying a home? If so, you probably have a thousand questions about the process. That’s why I’m once again speaking with Bri Vandlen from Honor Home Loans. If you haven’t already, check out my previous video with her here. Today we’ll cover interest rates, buydowns, and more. 

Check out the video above to hear our full conversation or skip to each topic using the timestamps provided:

0:00 — Introduction

0:32 — What happens if interest rates rise while you’re under contract? 

1:22 — You can lock in your rate while shopping for your new home

2:16 — Should buyers lock in their rates or wait things out? 

3:20 — What does it mean to buy down your rate?

4:23 — Does Bri predict rates to rise in the near future? 

5:35 — Are there any programs for people with low credit scores? 

6:54 — Wrapping up 

If you have questions for Bri, call her at (931) 436-0820. As always, feel free to call or email me with any questions you might have.