As many homebuyers know, interest rates reached historic lows in 2020 and 2021. With 30-year mortgage rates now hovering around 6.00%, many people are kicking themselves for not purchasing a home sooner. It’s important to remember though, that buying a home wasn’t all roses and rainbows a couple of years ago. While mortgage rates were indeed low, there were also unprecedented low levels of housing inventory, home prices shot up significantly, and competition among buyers was fierce. All of these factors made buying a home especially challenging, with many homebuyers even waiving contingencies in order to make their offers more competitive [Click Here To Continue Reading].