Activity in the Greater Cincinnati real estate market is fairly predictable. Rates rise, prices normalize and the housing market is more balanced. Sure they went down a little and we saw an uptick in mortgage applications but the rates make houses less affordable. Some neighborhoods are still commanding a premium so review recent sales with your Realtor® so you don’t overpay.
If you’re not sure about the rates quoted to you take time to check other lenders. A lender with access to a large portfolio of lenders may be able to give you a better rate. According to Freddie Mac during periods of high-interest rates, you may save money by shopping around.