It seems really scary that mortgage rates have increased to past 6%, since rates were below 3% in 2020
and 2021. However, recall that in 2000 mortgage rates were 8.6%.
It is much more important than the interest rate. It is a uniquely sound investment that remains a hedge against the ebbs and flows of a changing economy.
Since 2000, the value of real estate has increased 159%. Interest rates can affect your ability to buy, but it does not impact the value of what you buy!
Source: Partners in Building Insights