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Buy Now!!! Don't Wait To Find Your Dream Home!
April 4th, 2016 11:56 AM
Don’t Wait! Move Up To Your Dream Home Now!

Posted: 04 Apr 2016 04:00 AM PDT

Don’t Wait! Move Up To Your Dream Home Now! | Keeping Current Matters
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs. 

Here is a chart detailing this point:

Don’t Wait! Move Up To Your Dream Home Now! | Keeping Current Matters According to Freddie Mac, the current 30-year fixed rate is currently around 3.75%. With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, by $10,000). Freddie Mac predicts that mortgage rates will be closer to 4.7% by this time next year.

Act now to get the most house for your hard-earned money.


Posted by Cheryl Talbot ABR,GRI,e-PRO,MRP,SFR on April 4th, 2016 11:56 AMPost a Comment

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