Why Buy Now?
Mortgage interest rates are on the rise. If you’re in the market to buy a home, you may think that means bad news for you. Not necessarily. Right now, mortgage interest rates are only about one percent higher than they were a year ago for a 30-year fixed rate. Economists predict them to be more than five percent by the end of 2014, which means now is an excellent time to take advantage of the rates before they go up again.
If you want to buy a larger house, be proactive. While other buyers may choose to take a “wait and see” attitude, you’re more likely to find a move-up home for less money in this market. By planning for the long term, you can find the right home for yourself now and lock in an interest rate that appeals to your budget as well. Please contact me with your questions about buying and selling in the current real estate market. It’s a pleasure to be of service to you!