Interest rates in Columbus Ohio

[Aram Jawad]

It's great to hear that interest rates are dropping down. While the inflation is still elevated, we started to see a graduate decline in interest rates. Many home buyers earlier this year were paying around 7% but, recently we start to see home buyers getting loans for little over 6% which is a good indicator for the market. Julia Gordon, Federal Housing Administration Commissioner, said that they follow the same steps as a conventional loans do, in case of time, some requirements, and appraisal guidelines. Since many people uses FHA loans, that could stable the market a bit more, so for now we are hoping for the best but, also prepared for the worst.

[Jimmy Lieu]

Quote from @Aram Jawad:

It's great to hear that interest rates are dropping down. While the inflation is still elevated, we started to see a graduate decline in interest rates. Many home buyers earlier this year were paying around 7% but, recently we start to see home buyers getting loans for little over 6% which is a good indicator for the market. Julia Gordon, Federal Housing Administration Commissioner, said that they follow the same steps as a conventional loans do, in case of time, some requirements, and appraisal guidelines. Since many people uses FHA loans, that could stable the market a bit more, so for now we are hoping for the best but, also prepared for the worst.

Hi Aram, I am a local agent here in Columbus Ohio and work specifically with investors on finding investment properties here. My best advice I always tell my investor clients is that it doesn't matter what the interest rates are, if the #s make sense, then you should buy! Rather than trying to time the market, time in the market is way more important. This past two weeks, I've gone under contract on three different investment properties (1 BRRRR and 2 flips) so there still tons of positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!