Your savings are practically worthless, and you start dreaming of a home of your own. But real estate prices are still making you hesitate: is 2025 the right time to buy a home? We may have some good news for you.
Why is it a good idea to buy a home in 2025?
- Interest rates have a huge impact on whether or not you get a mortgage. For many potential buyers, it’s the rate that will make the difference between a yes and a no. So there’s good news for those looking to buy a home in 2025.
- After a long period of low interest rates on mortgages – even as low as 1% – the curve began to rise sharply at the beginning of 2022 (Source: Immotheker Finotheker rate barometer). From a low of 2%, they have now risen to well over 3%.
